There are several nickel plays in the Thompson area that show promise. I have been following nickel for the past year, and have bought several companies in that belt.
CML - Crowflight Minerals - they have had some trouble getting the Bucko Lake mine working but could be on the tail end of there problems. A Chinese firm had put in an offer for the Bucko Lake mine, but it is not clear where they are going with that.
NI - Victory Nickel - they have a very promising package that is yielding significant nickel sulphide returns. They have a feasibility study on the property that really did not do them any justice as much of the resource was not included in the economics. That is changing pretty quick. I have been a buyer of this one as a long term play. The nickel sulphide is being advertised as the highest concentrate of the stuff in Canada. A bonus to the property is that it is overlayed with Frac sand that can be sold to the O&G companies at a good profit. This company is a one trick pony that has invested in some other companies as well, such as Duluth MInerals.
I see the nickel properties as a fall back for more flow through financing.
We will see.
Andy
