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FPX Nickel: why we like this major Canadian nickel prospect


FPX Nickel [TSXV:FPX] has been covered before by The Armchair Trader but we are adding it to our venture pick list today as we think it represents good value for what is arguably going to be one of the biggest North American resources for nickel. Its Baptiste Project, hosted in Canada's Decar Nickel District, is projected to be ranked among the world's top 10 nickel mines by annual output.

Stock in FPX Nickel is currently priced around 50 cents. We saw a rally in the stock in the spring, during which it touched the 90 cent mark, but the stock is down around 7% in the last six months.

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