DRIFTWOOD - PEA - What do i think of it ?
Don't ask.
tease.
It was centered around a - calcining furnace - most expensive piece of equipt -
$108 million dollars.
They should've ran the route of, chlroides, electrolysis, or...
my other ideas - ozone water / peroxide and then... electrolysis.
Why this route ?
It allows them to pull out other " secondary minerals " such as....
Titanium.
2001 assay report reveals - 0.07% titanium
If using 8,000,000 tonnes - and if... titanium were consistent throughout -
= 56,000 tonnes of titanium
x 2200 lbs in 1 tonne
= 123,200,000 lbs ( titanium )
x $4 / lb
= $492,800,000 / usd
Does Driftwood have nickel ?
YES....
Nickel ppm are not high... 20 ppm = 20/grams per tonne
But... as most know, nickel can form tetra bonds with other minerals...
Special assaying is needed to - hone - in on nickel.
Only magnesite was tested for the nickel... what if one steps outside into the - Dolos ?
Would there be more - nickel ?
What if there's pentlandite, or aresnopyrite, or pyrrhotite, lathandite ?
Nickel loves these types of - ites.
If i revamped the Driftwood PEA - and wrapped it around - solubilizing the ores and electrolysis
i would say.... the economics would ramp up significantly.
Electrolysis can stream directly to - making metals.
Way better economics than... MgO.
If one set up a electrolysis cell plant that could handle - several minerals ....
The economics become far more favorable.
Let's ERASE a few costs from the - PEA -
We'll keep the processing plant at - $37.7 million - redirect this at - electrolysis plant.
CAPITAL COSTS
$235,900,000 ( total sum )
- 108,000,000 ( calcining plant )
- 15,900,000 ( indirects )
- 7,100,000 ( owners costs )
3, 800,000 ( plant site ) this could be erased - while 37.7 million allocated to Plant
= $108,100,000 ( new capital costs )
Saved - $127,800,000 / usd
And.... entriely new economics -
Magnesium metal
potential other secondary credits such as, titanium.
Maybe Nickel.
What about the nickel ?
Some would say... it's not economic.
And i would say... correct.
But... it's not a nickel deposit - its a magnesium deposit.
But... many other miners do pull secondary minerals out.
They're handling the ores - and as so... sometimes it can be economical.
Electrolysis - can sometimes be benifical pulling secondary minerals, due ot - minerals
are in a solubilized sate - why not throw a few extra cathode anodes in and pull other mineralis.
What's - would a 20 ppm nickel equate to ?
20 grams per tonne x 8,000,000 tonnes
= 160,000,000 grams ~ 454 ( 1 lb )
= 352,422 lbs ( Ni )
x $30/ lb
= $10,572,660 million usd
now... i'd love to see high tech assaying on the - magnesite and dolomites -
specifically looking for the - pyrrhotites, and any pentlandites - along with the irons.
just maybe... more nickel could be present.
REVERT BACK TO THE TITANIUM FIGURES ABOVE -
4X greater value than the - capital costs -
And this is why... throwing in extra credits makes sense.
From a stance of a funder ?
They'd want ot see these figures...
More minerals... means, less risk.
More profits.
I'm not impressed with many of hte firms that provide - PEA's or FS - studies.
Seems they don't strive too hard to make a project work.
And... junior should be providing more intel to the firms, such as - 2001 assay report.
Tack on the titanium and just maybe... the Engineering firm would've ran with - electrolysis.
PEA - PAGES - 2001 ASSAY ( nickel ) + ( titanium )
open link in new window - click to enlarge -
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Cheers....