Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. The Company’s flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The Nickel Shaw... see more

TSX:NCP - Post Discussion

Nickel Creek Platinum Corp > 2012 vs 2014 vs 2015 vs 2017 vs 2023
View:
Post by Wangotango67 on Nov 22, 2023 9:18pm

2012 vs 2014 vs 2015 vs 2017 vs 2023

If one wants to figure out the Wellgreen
you'll have to sift former years.

2012
Here is where more minerals are revealed using fusion assaying.
Peridotites columb # 3 -
Titanium, Chromium, Dual Nickel, Notice - Pt, Pd grades in peridotite.
MET TESTS Composite - 80% Peridotite, 15% Gabbs, 5% Sulphides

https://live.staticflickr.com/65535/53314406722_f0c05143da_z.jpg


2014 + 2015

2014 Wellgreen Platinum reported
329,569,000 million tonnes M + I
846,389,000 million tonnes Inferred

Two pits ( east + west ) and kept underground mine ( high grade )
Stockpile silicate ( peridotite ) mine these ores after 25 yr
They estimated - another 31 yrs ( total 56 yrs )


2015 Nickel Creek ( middle chart )
Indicated loses tonnage
Measured loses tonnage
Inferred loses massive tonnage

Do not use or provide
M + I

If they did.... what would it compare to 2014 ?
192.8 million tonnes

  329,569,000 ( 2014 )
- 192,800,000 ( 2015 )
= 136,769,000  ( 2015 loses massive M + I )

They use a total resource that includes inferred
at first glance - one can easily confuse resource size reading - total

BOOM
Waste category is introduced.
296,200,000 million tonnes  ( Peridotites ???? )

2014 - would stockpile and mine these later.

2015 - Are they labelling silicate peridotites as, waste ?

2015 - Could this be a turning point using diff pit models ?
             Along with reduced ( measured, indicated, inferred )


https://live.staticflickr.com/65535/53294034400_a645049e8f_c.jpg


2015 image of West Zone Intercepts -
Remember when i posted - I read historical reports that said West zones
also have the silicate overlay peridotites ?

- WS 139 - ( 511 m intercept )
371 m upper
140 m lower

Seems one can produce a predictable outcome ?
Want more peridotite - drill further back come in on angle.
Want more sulphide, find seam, drill near vertical.

Would the 371 m be categorized as, waste ????
Just as well mineralized as, lower ultramafics.

Notice upper lower intercepts come onscene.
Upper Lower Ultramafics


West Cross Section 577370e


2016  rolls round
2015 + 2016 drill assays finally revealed.
Even other drills from, 2014.
Seems resource doesn't really grow when compare to
2014 - 2016 - 2023



2017
Geological name changes + boundary changes
Can't process silicates, sulphides in solid solution, microcrystalines
Practical Entitlement
Later on, another 10% resource loss.


2023
Different pit models
No underground resources in reserves
Pits seem very shallow when compared to, 500m to 762m intercepts
Main Wellgreen map in 2023 pfs shows No, A B conditions
yet, upper / lower holes, geology change, practical entitlement, massive loss
of inferred and shallow pits all suggest
= might be A B conditions in play
= prior to Yukon's Mineral Legislation...?


Even 2023's 4 pit models under 2 km
2014's 2 pit models over 2 km


2012 - $1.2 billion NPV
2014 - $2.3 billion NVP
2023 - $147 million NPV


SUM ?
2015 forward = radical changes.

Bring back massive inferred + mine it like 2014
use diff extraction
mine silicates firstly even blend like 2012
why was 2012 MET studies not used ?.

If mine model is flipped upside down ?
Mine sulphides firstly
Silicate peridotites = Waste.

2014's inner highgrade core ( first image bottom chart )
Inferred + M + I ) i'm assuming it's the DEEP zones

246 million tonnes
x 2.4/g Pt Eq
= off the charts in, Pt Eq Oz.

Somewhat conservative.
Platinum was really expensive back in 2014
Copper + Nickel near or close to present day spot prices


Using wellgreen's other minerals to make a Pt Eq
with todays spot prices = all the more Pt Eq's.


Cheers...




Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities