Post by
Rm90090 on Aug 20, 2022 11:34am
Mark talking about why Low Grade
On the Crux site this week, Mark does a regular nickel show. Matt (the host) said that despite all the explanations given over the last 2 years, he still gets naysayers say to him that they think that CNC's nickel is too low grade to be profitable. Is there a really simple way to respond to this people?
Mark responded yes. "We are going to mine rock that is worth $30 a ton and it will only cost us $8 a ton".
This isn't him guessing, this is based on economic reports done by independent engineering firms.
" Grade x Recovery x Metal Price "
Comment by
EndZonefor7 on Aug 20, 2022 11:40am
Exactly RM. Basic math and metallurgy doesn't compute into the doubters skulls. How do low grade copper mines go for decades making tons of money? Same math etc.