Top Canadian Nickel Stock Picks for Beginner Investors: A Comprehensive Guide
Discover top Canadian nickel stocks for beginners. A professional guide to investing in nickel mining companies.
By John Fahmy, Junior Mining Speculator
Greetings fellow champions of the mining frontier! Today, let's embark on an exhilarating journey into the heart of the central Yukon Territory with Benjamin Hill Mining Corp ($BNN.CN). Under the strategic guidance of Mr. Cole McClay, this junior mining dynamo has been quietly crafting its own narrative over the years.
Imagine a stage where the Alotta Copper/Gold/Moly project takes the spotlight, mere strides away from the illustrious Casino Project. We're not just talking about any mining venture; we're diving into the Alotta, a project led by the very minds that laid the foundation for the Casino's early success. The drill camp is buzzing, and the first few holes have assays pending, literally – porphyry style mineralization, multiple intrusive phases, and sulfide concentrations reaching up to 5% shown from grab sampling campaign. On November 28th, 2024, BNN announced “the completion of two inaugural diamond drill holes and the discovery of porphyry style mineralization at the Alotta copper-gold-molybdenum project in the west-central Yukon”. The first two holes tested the south-central portion of an induced polarization, chargeability high with coincident copper and gold in soil anomalies. The drill program is proposed to continue in May 2024. Lorne Warner, President of Benjamin Hill Mining Corp., states: "I was on site during the drilling of both holes and observed most of the core. Disseminated and fracture-controlled mineralization in the form of pyrrhotite, pyrite, chalcopyrite and molybdenite mineralization was observed throughout both holes with total sulfide concentrations up to 5% over extensive core lengths. The exception being a quartz vein in hole ALT-23-002 with semi-massive pyrrhotite with traces of chalcopyrite. Both holes were terminated in mineralization, therefore casing was left in both holes to facilitate extending them this spring if required. When the drill program continues in May the company will focus on four large "Bull's Eye" areas of high copper, gold and molybdenum concentrations in soil samples coincident with geophysical anomalies." That's the kind of paydirt dreams are made of!
Beyond the Yukon, BNN is strategically diversifying its portfolio. A recently announced Letter of Intent (LOI) with Aion Mining Corp opens doors to a 40% acquisition in Aion, the proud owner of the La Estrella coal mining project in Colombia. The La Estrella project, fully permitted and on the brink of production, presents a promising revenue stream for BNN within 6-8 months:
Not to mention, Colombia has brewing energy shortages. Colombia consumes 11.3 million mtof thermal coal per year. They produce 99 million mt of coal per year. The grade of which is in decline. BNN’s coal is high grade, so it can blend with these lower grade struggling resources. Colombia is also home to deep water ports where most of their coal is shipped to China + India (KilconaVC, 2024)
China continues to permit and add more coal power plants. In 2022 alone 106 GWh of new plants were permitted. To give you an idea how much that is, the province of Manitoba produces 6.1 GWh of electricity per year. So, China permitted 17x Manitoba’s in terms of coal burning power assets in 2022 alone. Insane, isn’t it? $BNN’s coal assets are not far from a deep-water port and can easily be shipped into global markets from proceeds harnessed through a bulk sampling campaign. 180,000 ton per year permitted bulk sampling program that could be pushed to 2-3x in capacity in a 6-month permitting process. At 500kt/yr. output and $50/t profit, that’s $25m/year USD profit and cashflows of $60m+ USD (KilconaVC, 2024)
Key highlights of the La Estrella project include, and a commitment to high-quality coal meeting national benchmarks. The fact that 56M out of the 61M shares outstanding are held firmly in strong hands indicates a robust investor base.
On the morning of January 23rd, 2024, Benjamin Hill Mining announced the appointment of Russel Ball as Senior Advisor, former EVP and CFO of Newmont Mining and Goldcorp. Russell Ball comments: "I look forward to working with Cole and the team to advance the two projects in the Company's portfolio. In particular, the La Estrella project in Colombia is an exciting project with an extremely high rate of return that is expected to be revenue-generating and free-cash flow positive in less than twelve months' time."
A few weeks following that announcement on February 8th, 2024, BNN announced the appointment of coal industry expert, Matt Warder as strategic advisor. CEO, Cole McClay comments: "The addition of Matthew's expertise in specific coal industry analysis, provides a strategic boost to the Company. His extensive experience will give Benjamin Hill a focused advantage as the company seeks to enter the global coal industry."
BNN's announcement of porphyry-style mineralization at Alotta through its drilling program is a testament to the company's commitment to exploration and innovation. The initial results, confirming the presence of copper porphyry style mineralization with multiple intrusive phases and sulfide concentrations up to 5%, have sparked enthusiasm within the industry.
Furthermore, the financial prudence exhibited by securing private funding for land payments and commitments for La Estrella indicates a strategic approach to project development, with a focus on minimizing external financial dependencies. The recent showings at Alotta is the spotlight moment – porphyry style copper mineralization, a sneak peek into a blockbuster movie. Assays are currently pending.
But the excitement doesn't end there. Keep your eyes on the market waltz, especially the developments in comparable coal companies like $AMR, $METC, and $CEIX. These mining virtuosos have seen remarkable price surges, a testament to the growing allure of the sector. BNN.CN, in sync with this melody, is poised to ride the wave of renewed investor interest in mining stocks.
And let's not forget the financial sonnet composed by Aion's La Estrella project. It's not just a coal mine; it's a potential cash cow.
In an intriguing subplot, the International Energy Agency (IEA) predicts a surge in metallurgical coal imports by 2026, with India taking center stage due to its burgeoning industrialization. This global overture aligns seamlessly with BNN.CN's diversified approach, positioning itself strategically amid evolving international trade dynamics.
As BNN.CN continues its journey of exploration, development, and strategic acquisitions, the horizon looks promising. The Alotta project's potential, coupled with the diversification into coal mining through the La Estrella project, positions Benjamin Hill Mining Corp as a key player in the resource sector.
Investors seeking exposure to a company with a proven leader, a solid track record, and a portfolio spanning from the Yukon's mineral-rich grounds to Colombian coal mines should keep a watchful eye on BNN.CN. The ongoing drilling program, the recent LOI, and the visionary leadership suggest that Benjamin Hill Mining Corp might be on the verge of unveiling significant value for its stakeholders in the very near future.
The drills are turning, the rocks are whispering, and BNN.CN is gearing up for an encore. Excitement, potential, and a dash of risk – that's the melody of junior mining. Here's to Benjamin Hill Mining Corp, the rising star in our junior mining galaxy!
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It is important for readers to understand that investing in stocks, including those of Benjamin Hill Mining Group, involves risks and uncertainties. Potential investors should conduct their own research and consider seeking advice from a professional financial advisor before making any investment decisions.
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