crowflight

[polo]

any views on crowflight? approaching resistance at 43c, presumably due to strength in ni price or hope that permittng will be done soon??

but why teh delay - beauracracy or opposition from the locals?

 

http://chart.finance.yahoo.com/c/1y/c/cml.v

http://www.crowflight.com/s/home.asp

waiting for permitting (due nov06) and bfs (due end 06) for bucko - 84mlb in m&i category; capex 55m$;

irr 140% @12$ ni; life 5.5y; production 11/14 mlb pa; cash cost 3.6$/lb all from dec 05 feasability study

espect to double resousrce at bucko by end 08; plentyof exploration land

190m shares and 230m fd, mcap 82m$

 

some bullish comments from minesite.com

http://tinyurl.com/yoa9u6

..............During the course of the year, Crowflight expects to table an updated feasibility study that will take into capital cost savings, then they expect to sign a definitive off-take agreement for the purchase of the Bucko Lake nickel concentrate, a project loan agreement and, last but not least, advancements on project permitting. Late in 2005, an earlier feasibility study released in late 2005 envisioned that a 1,000 tonne per day operation using the then resources of 1.8 million tonnes grading 2.1% nickel would yield a 23.9% rate of return and a net present value using a 10% discount rate of US$22.6 million at an average life-of-mine nickel price of US$5 per pound.......................

[drbubb]

i dont know the company's story well

 

but the chart : update

suggests that the next move off the base, which has tried to start up,

was so far aborted by a big sale

[polo]

http://biz.yahoo.com/ccn/070201/200702010370372001.html?.v=1

 

Crowflight Completes Bankable Feasibility Study on Bucko Lake Nickel Deposit, Study Demonstrates Potential for 118% Internal Rate of Return at US$8.00/Pound Nickel

(& 417% @ 12$)

 

........(BFS) is an updated version of the feasibility study completed December 2005 that incorporates cost savings from the purchase of used capital equipment, improved revenue from the recently announced definitive offtake agreement with Xstrata Nickel, and a firm contractor quote for underground mine development and contractor mining. The BFS does not yet take into account the impact of the recently announced 32% increase in Measured and Indicated Resources at the Bucko Deposit , but relies on the Proven and Probable Reserves from the December 2005 feasibility study..........

 

.....We're confident that once we've factored-in the recently announced addition of 25 million pounds of contained nickel Resources which have the potential to extend the mine life by about two years, we'll see an even more robust rate of return for the project......

 

there is also a webcast

market responded well; up 18% 54c

however a big sell of 1m @ 50c and no news of permit

 

http://chart.finance.yahoo.com/c/6m/c/cml.v

[polo]

m&i now 110mlb ni

production h1 08

opex 3.6$ off and onsite costs

capex 52m$ 8m$ spent already

maybe 11m$ placing

permit due q2 - local ok, waiting for federal ; use of buckolake for tailings might be the holdup

financeing q1

mcap ~75m @ 54c

minelife ~7.5y

failed to close above resistance at 54c (h = 58c)

[polo]

looks like productionin mid '08

http://biz.yahoo.com/ccn/080123/200801230437895001.html?.v=1

Crowflight Finalizes $55 Million Debt Facility to Complete Bucko Lake Nickel Mine Development

Wednesday January 23

http://www.crowflight.com/s/Corporate.asp

mcap 140m$ fd at 50c

..........Results from a Bankable Feasibility Study on the Bucko Lake Nickel Deposit, updated in March 2007, indicate that at a US$8.00 per pound nickel price, the mine would generate average annual cash flow of $55 million and deliver a 92% rate of return and a net present value of C$201 million (at an 8% discount rate). Production levels at Bucko are expected to be 1,000 tonnes per day or 11 to 14 million pounds of nickel per year over a seven-year mine life.....................

http://bigcharts.marketwatch.com/charts/bi...&mocktick=1

[AceofKY]

I like (and own a little of) CML and the new CEO. He used to be with Desert Sun.

 

That reminds me, the rest of the Desert Sun group is now running Largo Resources. I was very impressed with their potential after listening to their presentation in San Francisco. Largo will be one to watch in the coming years; they're still a long way from production.

 

Victory Nickel seems to have better metrics than CML, but they are also farther from production. CML should do well with nickel price holding strong.

[AceofKY]

Finally a nice high volume day for Crowflight:

 

CROWFLIGHT MINERALS INC. (Tier2(CDNX: CML.V)

Last Trade: 0.2150

Trade Time: 3:59PM ET

Change: 0.0550 (34.37%)

Volume: 2,159,355

Avg Vol (3m): 524,542

 

It has been a long ride down with this one. Glad they have those hedges in place as it looks like nickel is going to sit at marginal cost for a while.

 

Sep 24/08 Sep 24/08 Humphrey, Raymond Bruce Direct Ownership Common Shares 10 - Acquisition in the public market 300,000 $0.195

Sep 24/08 Sep 10/07 Humphrey, Raymond Bruce Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report

Aug 01/08 Aug 01/08 Ladd, Anna Man-Yue Indirect Ownership Common Shares 10 - Acquisition in the public market 4,000 $0.345

Aug 01/08 Aug 01/08 Ladd, Anna Man-Yue Indirect Ownership Common Shares 10 - Acquisition in the public market 16,000 $0.340

Aug 01/08 May 26/08 Ladd, Anna Man-Yue Indirect Ownership Common Shares 00 - Opening Balance-Initial SEDI Report

Aug 01/08 Aug 01/08 Hoffman, Michael Indirect Ownership Common Shares 10 - Acquisition in the public market 300,000 $0.330

Jul 03/08 Jul 03/08 Collins, Gregory Direct Ownership Common Shares 10 - Acquisition in the public market 40,000 $0.480