First Nickel Inc. (FNI.TO) Buy, Sell or Hold

First Nickel Inc. (FNI.TO)

0.00

-0.00 (0.00%)

5 watching

SELL

The main mine they are working on, that they got from Falconbridge, is generally considered not that great. Recently got some reasonable results but pales with Fort Knox (FNX-T). Would suggest you switch.

DON'T BUY

Was very disappointed in what was happening at the company. Finally did their financing 2 weeks ago, shored up the company and changed the CEO. The worst is over but he is giving it time to see what the new CEO does.

DON'T BUY

Likes the commodity nickel. This one has some interesting prospects. The problem is that as they continue to grow, they have to come back to the trough and continue to get financing which tends to dilute your holdings.

DON'T BUY

Their merger with Jaguar Nickel (JNI-T), with very nice properties in Brazil, did not go through. Also had a shake-up in management. Until you actually have product coming out of the mine, you have to be careful.

WATCH

Produces both nickel and copper. Hit a bit of an operating hiccup in the last few months. A great team and a great asset but hasn't studied it enough. Going forward, they have to find more reserves.

BUY

Have been looking at this company. The stock has not followed nickel prices, probably since they just started their production. Starting to look nicely valued. Could be 20/30% upside easily.

DON'T BUY

Did a number of acquisitions, got a mine in Sudbury and had a flurry of activity and did very well. However, it needs some exploration results to get some activity going. Would be a little cautious on this.

WEAK BUY

First Nickel owns one of the old mines that was left behind by Falconbridge. There is a lot to do. As an early stage nickel play in the Sudbury region it is not a bad stock to have.

PAST TOP PICK

First Nickel is a previous pick. Demand is still strong. Very volatile stock. The stock has had good deals. Recommends holding if you own this stock.

TOP PICK

Associated with Falconbridge (FAL.LV-T). They own part of the company and bought the Lockerby mine from Falconbridge. Very well managed and well-financed.

BUY

Has agreements with the two giants, Inco (N-T) and Falconbridge (FAL.LV-T).

BUY

Lots of activity and lots of action in the metals. Metals like nickel have a great profile for the next 5 tears as long as global growth continues. A great little company with terrific management. Tons of potential. Relatively underpriced.

PAST TOP PICK

(A Top Pick July 8/04. Up 12%.) Came out with some drill results that were pretty good. This is early stage. Drilling in Sudbury and Falconbridge owns a piece of the company.

TOP PICK

Very speculative. Falconbridge owns 18%.

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First Nickel Inc. (FNI.TO)