100 MILLION TONNES ( zap ) PRESS - Aug. 24, 2023
Actual Nickel Example
Measured + Indicated
437,000,000 million tonnes
0.26% Ni
= 2,499640,000, billion lbs Nickel
2023 - PFS REPORT - Page 223
307,700,000 million tonnes
x 0.26% Ni
= 1,756,040,000 billion lbs Nickel
DIFFERENCE ?
= 743,600, 000 Ni lbs ( 3/4 billion lbs )
= Gone
WHY ?
They converted the Measured and Indicated to,
Proven + Probable
= Yet, another value reducer ( omg )
SAME PAGE 223
Only 46.9% Nickel recovery
Versus 2012
67.6% recovery using 80% Peridotite blend
---------------------------------------------------------------------------------------
PRESS AUG 24 2023
Payable Nickel
614.3M lbs nickel
Let's now use the actual 437 M tonnes vs 307.7 M reserve
46.9% recovery
Compare press - 614.3 M lbs payable nickel.
437,000,000 million tonnes
0.26% Ni
= 2,499,640,000, billion lbs Nickel
x 46.9% recovery
= 1,172,331,160 B lbs vs 614.3 M lbs
= 558,031,160 M lbs ( missing )
Why even compare the 307.7 million tonne reserves,
they erased 100 million tonnes. ( no sense ) just give it back !!!
As for the " no underground resources " used in, reserves ?
Measured and Indicated were converted to - Reserves less 100 M tonnes.
Did the Aug 24 2023 mention this ? lol
Let's hypothesize - no underground resources used in, reserves.
1 - pits are shallow.
2 - could points to = no lower hole deep drill intercepts or no underground mine.
Either or... both have the 500m+ to 700m+ intercepts.
SUM ?
I've never seen a project use so many angles of, value reduction.
- change 437 M tonnes to 307 M tonnes
- no underground resources used in reserves
- potential no high grade underground mine resources calculated
- no credits of, dual nickel, titanium, chromium, iron, magnesium
- no exotics ( big ticket value )
- zone or boundary changes
- 2017 press said they'd go back to east zone
- some drill not in reports
- no assaying ( Stews A,B drills )
- promised rhodium
- partial digest vs fusion
- 2017 geological mineral changes, 86% resource loss + 10% loss
- extraction can't handle, solid solution, sulphides in SS, microcrystalines.
- dark green zone over highgrade zones ( easement ? park ? conservation ? )
- west zones have the peridotite 500m+ intercept ( image provided few posts back )
- dismissed 2012 80% peridotite MET Ni ( 67.7% 2012 vs 46.9% 2023 )
- Aug 2023 pfs press metal payable Ni wayyyyyy off.
I have yet to come across any other junior with so many
= value reducers.
Wellgreen is a superb project.
Worth a pretty price.'
Just not being recognized.
Cheers...
Review the numbers above.
Yes... lots of info to digest over the past weeks - but...
Well worth the effort.
Lots of value in, Wellgreen.
Just needs a lil research to remove the shady clouds
that's shrowed it for years.
Not anymore.