FPX Nickel Corp (TSXV:FPX) CEO Martin Turenne tells Proactive Investors what he finds so appealing about the nickel market and how the exploration company's latest projects fit in the space.
The Baptiste deposit, its flagship nickel property located in the Decar Nickel District in central British Columbia, is one of the world's largest undeveloped nickel deposits with a potential mine life of 35 years, according to Turenne.
"If it was in production today, it would be one of the 10 largest nickel mines going," said Turenne.
While nickel has been in oversupply for the last several years, the market is now in deficit. Nickel prices have been on the rise and the company believes that it will continue to move in that direction.