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The following points are some of the attributes that make Crowflight Minerals a compelling investment:
Winter Drilling
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- Construction of the Bucko Lake Nickel Mine began in November 2006 and production is scheduled to commence in mid-2008.
- A 2007 Bankable Feasibility Study indicates that the Bucko Lake Nickel Deposit will provide a 92% rate of return and a net present value of C$201 million at a US$8.00 per pound nickel price -- well below average year-to-date price.
- A recent scoping study suggests that for a small investment of capital, production could be increased by as much as 50% resulting in a 42% increase in average annual cash flow. Work continues in 2008 to study the potential of supplying additional mill feed at this higher rate.
- The province of Manitoba has confirmed its intention to grant an Environmental Act License to permit full production at the Bucko Lake Nickel Mine, pending federal approval. Federal permitting is well advanced.
- Continued strong demand for nickel relative to current and projected supplies suggests a strong nickel price well into the future.
- Management has proven strengths in exploration, project development, mine production and finance.
- The Company has an additional 800 square kilometres of advanced stage properties surrounding the Bucko Lake Deposit and in the Sudbury Basin.
- Crowflight completed a joint venture in 2007 to explore the historic Manibridge deposit 20 kilometres south of Bucko over the next three years.
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