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Hy Lake Gold Inc (CNSX: HYL)
 

Hy Lake Gold Inc (CNSX: HYL, Frankfurt: HYK) is a junior gold exploration company with several+ Read More
Home > Junior Resource Stocks > First Point Minerals Corp.
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First Point Minerals Corp. (Symbol: V.FPX)

Company Name: First Point Minerals Corp.
HQ Location: Vancouver, British Columbia
Company Website: www.firstpointminerals.com
Shares Outstanding 83.7 Million
Closing Price (Nov 15, 2010) $0.68
Market Cap: $56.9 Million
Average Daily Volume 372,135
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The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.

Share Highlight / 1-Year Stock Chart

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First Point Minerals Corp. - Chart

Business Overview

First Point Minerals is a small cap exploration company based in Vancouver. The Company explores primarily for nickel and precious metals. First Point is focused on exploration programs targeting large-scale nickel alloy mineralization in British Columbia and Oregon, particularly its Decar project near Fort St. James, British Columbia. The Decar project is under option with Cliff Resources Exploration, a wholly owned subsidiary of Cliff Resources Inc. (NYSE: CLF) where Cliff is earning a 51% interest by spending $4.5 million over 4 years.

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What is interesting about First Point Minerals Corp. (V.FPX)?

  • The company’s current focus is the Decar project, an advanced nickel alloy project in British Columbia, Canada. The project has nickel-iron alloy mineralization.
  • The assays result at the Decar Project show high nickel content within the alloy mineral- up to 83%, and the remainder is iron and cobalt content.
  • The Decar project is surrounded by excellent infrastructure. The rail line is within 5 KM and the paved highway is within 20 KM of the property.    
  • Sample assays suggest that the nickel alloy mineralization (Awaruite) at the Decar project is extremely and highly magnetic. These characteristics can lead to higher recoverability of nickel-iron alloy that can potentially be sold directly to steelmakers.
  • The company has an option agreement with Cliff Resources Exploration, a wholly owned subsidiary of Cliff Resources Inc. (NYSE: CLF) on the Decar project. Cliff is earning a 51% option on this property by spending US $4.5 million over 4 years.
  • The company maintains that the nickel-Iron target at the Decar Project is near surface and the nickel-iron mineralization is widely and uniformly disseminated.
  • Studies show that the deposit is amenable to open pit bulk mining and easily recoverable.
  • The company is adequately capitalized with $7 million in the treasury.
  • The company has a strong management team. At the helm is Dr. Peter Bradshaw, President and CEO, who has over 40 years of international mineral exploration experience.

Risks

First Point Minerals is an early stage exploration company. The commercialization risks associated with metal exploration and development are high and its prospects for discovering economically viable nickel-iron alloy resources are uncertain. Metal prices can fluctuate and a decline in these prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although sufficiently capitalized at the moment, First Point may require additional financing. This could result in shareholders’ dilution.

First Point Minerals Corp. News

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Ubika Corporation, its affiliates or its divisions including smallcappower.com are not registered with any financial or securities regulatory authority, and do not provide nor claims to provide investment advice or recommendations to readers of this report. The information in this report is designed to present the opinion of Ubika’s analysts and what they believe to be the objective prospects of the highlighted company.

First Point Minerals Corp. may enter into a commercial relationship with Ubika Corporation, Investor Cubed or our affiliates for research coverage and capital market services and may pay fees and or shares or stock options or warrants for being mentioned at smallcappower.com. Hence the highlighted company information is an advertisement only and does not and will not constitute an offer to buy or sell securities in the highlighted company.


Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services No
   
Common Stock/Options Ownership in First Point Minerals Corp.  
Analyst(s) No
Analyst’s family members No
Analyst’s firm, their affiliates and/or subsidiaries No
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