2015 PEA 330 million tonnes ( pit + underground high grade )
strip ratio - 0.75 to 1
25 year mine life bulk concentrate
higher recoveries only
10% peridotites Total LOM production of 4.4 million ounces of 3E (42% Pt, 51% Pd and 7% Au),
with 1.7 billion pounds of nickel and 1.1 billion pounds of copper in concentrate
from approximately 34% of the current pit constrained Mineral Resource. Additional 31 yr mine life / Pit #5 846 million tonne resource ( not factored )
Net smelter return (NSR) of CAD$38.60 per tonne milled Pre-tax net present value (NPV) of CAD$2.1 billion
with a pre-tax internal rate of return (IRR) of 32.2%, and an
after-tax NPV of CAD$1.2 billion
with an after-tax IRR of 24.6% at a 7.5% discount rate. Total net smelter revenue of CAD$15.5 billion
operating cash-flow of CAD$7.5 billion over the LOM. 2015 PEA - REALITY CHECK - 68 million pounds of nickel / per year 68,000,000 mil Ni lbs / per yr
x 25 yrs = 1,700,000,000 billion pounds / 25 yr mine life That's.... payable nickel. https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2015/Wellgreen-Platinum-Announces-Positive-Preliminary-Economic-Assessment-Update-on-its-Wellgreen-PGM-Nickel-Project/default.aspx
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What's 2023 PFS payable metals ? LOM of over 19 years
114 million tonnes inferred 2023 vs 846 million tonnes inferred 2015
no mention of, additional 31 yr mine life
Total LOM payable metal production includes the following:
- 614.3M lbs nickel;
- 281.5M lbs copper;
- 21.5 M lbs cobalt;
- 626,500 troy ounces platinum;
- 743,400 troy ounces palladium; and
- 174,400 troy ounces gold.
https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its
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What would i do ? Recocnize 2015 resource PEA
Next.... pill forward all lower domain driling results ( inferred )
Wellgreen did extensive relogging + drilling.
I'd establish all the lower domain drills fromm former years.
I'd factor 3 bore hole geophysics ( mentioned in 2022 )
I'd factor 8 drill holes that worked on, inferred
hoping these holes and bore holes and historic holes
define the 846,000,000 million tonne inferred.
Were the additional 8 holes + 3 bore holes really for
bumping up the original 108 million tonne inferred ( ncp website )
or...could they also add ( insight ) ( tie in ) offering a window into
defining a rough approx of, 846 million tonnes ?
Where were those 8 holes punched ?
Where are the assays ?
I'd run from
practical entitlement style extraction.
Make a beeline for =
DNi Patented Extraction Which deals with silicates ( high recoveries )
DNi Extraction also offers .... - iron credit
- magnesium credit
What would a PFS look like with... - 2015 stats - 25 yr mine life
- 846 million inferred tonnes tacked on, additional 31 yrs
- iron credit
- magnesium credit
Major Turning Point ? 2017 reclassifying ore domains
2 separate concentrates
larger mesh
practical entitlement ( applied to all ores ? )
lessor recovery of metal payables
846 mil tonnes not spoken of in 2023
2022 bore holes and 8 holes
= inferred zones what did 2015 PEA
drill holes + relogging establish with 846 mil t inferred ?
though they did not include this resource - they sure as heck spoke lots about it.
31 extra mine yrs.
This short post...
places things into, perspective.
Great Comparison.
Shows how 2023 PFS doesn't even come close to 2015 PEA.
Those 2 separate concentrate models + geology class change
and practical entitlement - was it worth it, did it improve the project ?
lol
Done posting on this subject....
Not investment advice.
Just - how i see it.