Post by
Wangotango67 on Nov 04, 2023 9:48am
CLUB 54
But we'll call this - Club 846
846 million tonnes ( peridotite )
Common Shares 466,128,617 ( common )
Electrum - 159,,115,875 ( common )
Drake Inv - 25,655,645 ( common )
Insiders - 10+ million ( common )
= 271 357 297
329 million tonnes Gabb, Sulphides
Yet... i'll just focus on the peridotite.
Since junior and others didn't like it that much...tease.
486,000,000 million tonnes ( peridotite ) silicates, dunite, etc....
x .26% Nickel ( sulphide in peridotite )
x .40% Nickel ( solid solution nickel in peridotite )
x 14% Iron in peridotite
x 16% Mg in peridotite ( even though 2012 stats say 25% )
x 0.02% Cobalt in peridotite
x 0.30% copper in peridotites
x 0.30% chromium
x 0.32% titanium
x all exotics ( plats )
x 0.41 g platinum
x 0.60 g palladium
x silica areogel
= mega bucks
Mineral values in Peridotite
https://live.staticflickr.com/65535/53301316921_92a17827fc_z.jpg
Lets not kid ourselves...
Simple concentrate story could change real quick if a major was interested.
They'd most likely make ( alloys or matte and pull all precious metals / electrolysis )
= big league money
Magnesium Oxide
US$ 700-900 / Ton ( 2022 imperial not metric )
486 million tonnes
16% Mgo
= 77,760,000 million metric tonnes
x $500 t usd ( i reduced it even lower )
= $38,880,000,000 billion usd ( cement industry ) or alloy metals
If... Electrum Fund + Drake Investments had their game hats on,
They buyout us shareholders. I'm sure others like myself, couldn't
bare to weather another year seeing Stew drill holes in Quill or West zones
and not show the drill results or.... forget to include exotics in pfs studies.
They'd also notice...
i didn't include " gold " in the list above.
Using - 846 million + 173 million tonnes inferred ( both charts )
https://esdocs.com/doc/492066/wellgreen-platinum-announces-positive-preliminary
= 1.3 million Au ounces +/-
x $2000 usd
= $2.6 billion usd
~ 271 million shares
Find another interested party, make it the 3 Amigos.
And i'd make that bet shareholders would love it.
Pay shareholders the metal value of - Gold - upfront.
3 Amigo's.take rest of metals.
Just think of the shhh load of
Titanium + Chromium i found for future miner.
Maybe... insiders want out too.
281 million shares.
I'm sure no shareholder wants to play the co2 tether game any longer.
Nor wait several more years watching new bills pass.....
Rather, cash us out.
An idea.
Nothing more, Nothing less.
Something the junior should be contimplating.
I figure.... this current snail pace and silly pfs reports don't really
act in favor of shareholders.... instead, makes for easy collection of, cheapies.
Besides...i'm kind a tired seeing odd lot numers trade.
Not investment advice.
Open discussion / post for current shareholders.
If 3 amigos ever ran with above figures ?
You'd know what the back of my yatch would say.
Club 846 lol
Cheers.