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Discover FPX Nickel's World-class Deposit before Elon Musk Does with CEO Martin Turenne

Published on Thu, Feb 25th 2021 News & Politics Rectangular HD

Recently, the nickel and base metals markets have been on fire. Worldwide stainless-steel demand (of which nickel is an integral component) increases at a steady 5% annually, but the big story is booming EV (electric vehicle) demand. Recently Elon Musk made clear his intent to utilize nickel as a substitute for cobalt in EV batteries, provided that there is a reliable supply of carbon-neutral, energy efficient metal. That’s where FPX (sponsor) comes in. Its Baptiste deposit’s favorable metallurgy means there's no smelting necessary, leading to lower costs and greater environmental friendliness. Nickel is trading around $8.84 per pound, just over its historic $8 average. If it follows Dr. Copper, which recently broke $4 per pound the nickel story could be even better, with demand set to accelerate, looming supply deficits and a lack of new world-class projects.It makes for a compelling case for way higher prices. The bill for decades of sector underinvestment is now coming due.

CEO Martin Turenne explains why the British Columbia Baptiste deposit is undervalued in absolute terms and relative to its peers; FPX’s PEA supports that point. Plus, its Van target, which is close by, has a bigger surface footprint and larger, higher metal grades than Baptiste. FPX is trading at just 5% of Baptiste’s estimated $1.7 billion value The market has yet to factor Van into FPX’s valuation.

With management’s owning over 20% of the company, its interests are closely aligned with those of shareholders. As a CPA, Martin has kept a very tight rein on FPX’s finances; dilution has been kept to a minimum.

With approaching future supply issues, the apparent beginning of a new commodity super-cycle and at least one or more world-class projects, FPX is uniquely situated to cash in on Elon Musk’s demand for carbon-neutral nickel.

Company Website: https://fpxnickel.com

Tickers: TSX-V: FPX - OTC: FPOCF