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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (14228)	6/23/2006 12:14:01 PM
From: maxncompany	Read Replies (4) \| Respond to of 78417

BMC, Brilliant Mining recently acquired 25% interest in a producing nickel mine in Australia, production is increasing, they say. Also have 3 nickel properties in Canada. I really don't know much about them. Crowflight, seems more substantial to me than Brilliant Mining, but they won't produce nickel until 2nd half 2007 at their 100% owned Bucko Mine in Canada. Several nearby exploration JV's with Falconbridge.

To: Mac who wrote (14228)	6/23/2006 12:22:26 PM
From: mimur	Respond to of 78417

First Nickel V.FNI...although stock not looking right these days First Nickel expects $9.6-million cash flow in 2006 2006-02-17 09:16 ET - News Release Mr. John Haflidson reports FIRST NICKEL DISCLOSES PRODUCTION TARGETS, FINANCIAL FORECAST FOR 2006 First Nickel Inc. has disclosed metal production targets and released a financial forecast for 2006. The company forecasts cash flow from operations of $9.6-million in 2006 on projected revenues of $52.7-million, chief operating officer John Haflidson told a mining conference in Toronto sponsored by MGI Securities Inc. "Increasing metal production is a powerful driver of the First Nickel growth story," Mr. Haflidson said, addressing the conference theme of Drivers For Growth. Mr. Haflidson said First Nickel's payable metal production in 2006 is expected to total 5.7 million pounds of nickel, 3.9 million pounds of copper and 106,000 pounds of cobalt (see table 1). Mr. Haflidson said the financial calculations were based on current metal prices of $6.65 (U.S.) per pound for nickel, $2.16 (U.S.) for copper and $15 (U.S.) for cobalt. He noted the industry consensus anticipates metal prices to remain relatively strong for the next few years. All of First Nickel's 2006 production will come from its Lockerby mine in the Sudbury basin of Ontario. The company purchased the mine in June, 2005, from Falconbridge Ltd., which had placed it on care and maintenance in September, 2004. First Nickel restarted production, and, in December, 2005, began delivering crushed ore to Falconbridge's Strathcona mill for processing. "Underground diamond drilling at Lockerby, which has been in progress since October, 2005, indicates strong potential for further reserve and resource expansion," said Elizabeth Kirkwood, First Nickel's president and chief executive officer. "We are also very encouraged about the possibility of Premiere Ridge becoming our second mine. Prefeasibility work is proceeding on schedule and will lead to a production decision in July, 2006." Exploration drilling is scheduled for 2006 at the Lockerby mine and at First Nickel's properties on the north range of the Sudbury basin -- Premiere Ridge, Foy Mouth and Morgan-Lumsden, and its Dundonald property in the Timmins region of Ontario. Paul Davis, First Nickel's vice-president of exploration, noted the company's aggressive exploration program, for which $6-million has been budgeted in 2006. "We are confident with our property position and ongoing exploration activities, both surface and underground, that First Nickel will continue to replace and expand our current resource base." LOCKERBY MINE 2006 FORECAST Payable metal production (in thousands of pounds) Nickel 5,708 Copper 3,878 Cobalt 106 Gross revenue (in thousands of dollars) $ 52,711 Milling/treatment costs 16,439 Mine operating costs 22,595 -------- Operating profit 13,677 Capital/deferred costs 4,066 -------- Net cash flow 9,611 Cost/lb of payable Ni net of non-Ni revenues (US$/lb) $ 4.22 We seek Safe Harbor. Top