First Nickel on lookout for acquisitions
Jun 11, 2013 | 06:52 PM
| Daniel Fitzgerald
NEW YORK First Nickel Inc. is actively looking for acquisition opportunities amid a lack of investment in the junior mining sector, president and chief executive officer Thomas Boehlert told AMM.
Boehlert noted that the value of the TSX Venture Exchange has declined by almost two-thirds since March 2011, which he said illustrates his previous claims that there is a serious lack of investor interest in junior mining companies (amm.com, May 1).
That gives you a clear indication that the money has fled from the junior sector, but thats where we see an opportunity, he told AMM in an interview. We have a cash-flow-producing mine that even in the current nickel market is viable, and thats a unique position to be in for a junior mining company.....
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