RE:RE:The Beta Hunt ramp can handle 960,000 tons/yrgoldenrob wrote: Farquar, I enjoy your posts, especially the longer ones, as I find them informative and uplifting. However, I have trouble with some of the math on the nickel tons. The PR on drilled nickel results on Oct. 8th and April 6th both talk about the 50C nickel trough and both articles say the potential as having similar mineralization to the historic Beta Zone which has to date produced in excess of 32,000 tonnes of nickel metal. This is not insignificant but is not anywhere near the 300,000 nits per year as in your post. This does not include the 30C trough but that deposit seems to be significantly smaller. Actually, I hope you are right but I don't think so.
Yes, I hear you...I realize that Huet had mentioned the historic amount of nickel mined at Beta Hunt was 32,000 tons and that he was saying they could perhaps match those historic production numbers, for starters but I am talking about not just 10c or 30c or 50c but rather the whole Beta Hunt complex, which I believe has much more than 32 000 tons of nickel. Like, why would previous operators build 400 kilometers of underground tunnels for a measely extra 32,000 tons of nickel for a total of 64,000 tons? There has to be a whole lot more nickel down there, to justify someone spending 100 million$ in older dollars (those dollars are equivalent to maybe 250 million in today's inflated currency)..to find and access more nickel..400 kilometers is a ridiculously long distance of tunneling through solid rock to find a metal that even at presently high prices is only paying you a gross revenue of 19.25 $ /kg.. Imagine building an underground highway from Montreal to Toronto. The cost would be astronomical..400 kms of tunnels is an enormous amount of effort and work. You would think that whoever would venture to do all that, would be doing so because the efforts would prove to be outrageously profitable.. I am by no means a nickel expert, but it seems like when companies find nickel deposits, they are often very large, in the 100's of thousands of tons...So, yes, it is pure speculation on my part to posit that perhaps they could eventually find 300,000 tons of nickel, but I did mention that this was a best case scenario but at the same time realizing maybe it's just wishful thinking on my part .I post such speculations to kind of flesh out the maximum possibilities and possible future profit analysis...Maybe 300k tons is way out of the question but at least investors can see what is realistic or what is far-fetched, you know, to discuss it out in the open, to kind of guesstimate what the ultimate upside could be.. I am very interested in knowing what we got here . Would hate to see Krr be bought out too cheap because investors or even management don't have a clear grasp on the potential of this company's nickel reserves. So, even if putting these speculations out there , only serve to clarify how exaggerated or even how stupid they are, it would have served a useful purpose in determining a realistic future valuation of this company .As I think about why they are building that second ramp, I am realizing that they probably need it mostly for their gold production, not nickel, per se but it does open the capacity for alot more nickel production..So, maybe I am getting way ahead of myself here but we will have to be patient and see how things develop on the nickel front....As you say, 32,000 tons is not an insignificant amount of nickel but it sure would be nice, if they continue to find a whole lot more than that...