Post by
Wangotango67 on Apr 20, 2023 4:19pm
JEAN MARIE vs MOUNT MILLIGAN
Mount Milligan -
122,000,000 mil tonnes @ 0.155 % copper
= 402 million pounds Cu
122,000,000 MIL TONNES @ 0.32 gold grams
= 1.2 million oz - Au - ( recovery rates would affect this figure )
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JEAN - Historicals
27,000,000 tonnes of 0.3 per cent copper
= 1.7 billion pounds ( zone A + B )
- 190 million pounds ( +/- )
Zone C -
27,000,000 @ 0.11 % copper
= 59.4 million pounds Cu ( + /- )
COMBINED -
244.9 million poiunds Cu
JEAN'S MOLYBDENUM
This is why i was focusing on the molly.
comparing - Milligan gold credit to Jean's moly credit.
Jean's historical moly for Zone A + B
= 0.015 % Mo
If ..... PEMC - focused a tad on the moly....
performed diff assaying methods...
figured out what " others " couldn't identify
and if it turned out.... the variois colors were - moly
the current moly values could match historicals or better.
27,000,000 tonnes @ 0.015 % Mo
= 4,050 tonnes
= 8,910,000 - mil pounds
2200 - 1 tonne
x 0.015 %
= 0.33 lbs ( 1/3 )
Jean's Molybdenum ( Zone A + B )
$70,000 / t usd
~ 2200 ( rep 1 tonne )
= $31.81 / lb
~ 3 ( rep 1/3) pound ( 0.33 lbs )
= $10.60 usd ( Mo value )
Milligan's Gold -
0.32 grams ( 1/3 gram )
Gold is $2000/ oz ~ 31.1 g
= $64 g ( Au )
~ 3 - or... 1/3
= $21 usd ( but recovery rates would affect this )
Sum it up ?
Jean Marie has ( double the historical grade copper ) vs Milligan.
Milligan has more tonnage.
Milligan's gold credit is double of Jean's historical ( moly grade )
Milligan would have to double thier 0.015 % Mo to
0.03 % Mo to match - Milligans Gold credit
The focus -
Historical records provide insight into -
mineral species went - unidentified.
lots of colors.
= emphasis on lab assaying could solve this.
Jean Marie ( A + B ) + Zone C
Historical resource
Link -
https://minfile.gov.bc.ca/Summary.aspx?minfilno=093N++079
Jean Marie - petrographic study
on 4 drill holes - unidentified mineral ( s )
- unidentified minerals near end of report -
https://apps.nrs.gov.bc.ca/pub/aris/Report/30535.pdf/
This porject would do well...
If it were spruced up and compared with - Milligan.
Milligan is a great comparable -
grades
location ( near same )
geology
similar faults and quasi faults off main fault
PEMC's website should sport this kind of comparsion.
on their website... if.... they load one on the internet...
this copper + moly ( Jean ) project is kept hidden.
Not quite advantageous for - shareholders.
Cheers....