I own a gold mine.
1 million oz of gold @ 1/g tonne.
Recent MET tests reported 50% recovery.
50% gold reports to Iron con
50% gold reports to waste tailings.
Report ( summerizes ) i have 500 thousand recoverable gold oz.
True or False ?
I proceed with a pea report showcasing, 500/k oz.
Let's ask the question, If both piles of con ore contain 50% gold - are there not 2 gold concentrates ?
Hence - the concern of near 50% concentrate recoveries.
shareholders might only see 1/2 the recovery value.
while another 50% pile labelled tailings or waste.
Back in 2014 Diff management were on the correct path.
Higher bulk con recoveries with the mention of further increasing
the plat group recoveries fron, iron circuit.
2023 rolls round PFS has 6 groups / concentrate scenerios
E 1 - E6
6 investors each wanting 1 of the 6 concentrates ?
lol
No full breakdown in press - just complex equations
With the chart not expessing each of the 6 Eq recovery scenerios.
https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its#google_vignette Is it possible with near 50% bulk recoveries...
Seeing two bulk cons ( Eq 1 Eq 2 ) that only one bulk was factored ?
How about the Ni + Cu ( 4 ) Eq concentrates ?
2023 Life of Mine Metal payables ? Payables show near 75% reduction.
This would translate to 1/2 or 50% of the original 50% near recovery.
= 25% +/- total of original metal recoveries.
What ever happened to the near 50% recoveries ?
lol
- 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.
I see it as....( example )
50/50 two con piles created
1 50% recovery pile accounted for
Then this same 1 50% pile reduced by 1/2 again
= 25% recovery
Why are there ( doubled up ) Eq categories ?
6 in total.
Let's use actual numbers Palladium - 3,290,000 oz ~ by 50% and again ~ by 50%
= 822,500 oz ( vs 2023 ---> ) 743,400 oz ever worser
3.29 million oz reduced to lom payable 743,400 oz ?
WT_ ?
= 3,290,000 oz x 50% = 1,645,000 oz x 47.5% = 781,375
Two bulk cons
Eq 1 bulk con = 54% ( 2023 white chart above )
Eq 2 bulk con = 43.5% ( my own guess ) 2023 white chart does not show Eq2 bulk %
nor does it reveal other Eq number %
If one just used 1 bulk con with 54% Pd recovery
= 1,645,000 metal payables
Issue ?
That near 50% recovery
there actually " is " two bulk cons
= both should be accounted for
54% Pd in with other metals
46% in gange silica, Mg ore
= 2 Pd concentrates
Which points to - LOM metal payables should see a review
6 Eq con categories ?
lol
2014 crew was not playing the 50/50
= The blended recovery for these two main domains is estimated to be
approximately 77% Ni, 89% Cu, 64% Co, 62% Pt, 75% Pd, 67% Au, and 70% Ag
--------------------------------------------------------------------------------
Platinum - 3,141,000 oz ~ by 50% and again ~ by 50%
= 785, 250 oz ( vs 2023 ---> ) 626,500 oz
Creating 6 Eq categories has perhaps confused eng firm.
Sticking to just one ( bulk concentrate )
With the intent to pull as much plat group out
= is best
2014 MET tests DID perform actual raw ore batch tests
Bulk blended recoveries were....
The blended recovery for these two main domains is estimated to be
approximately
77% Ni, 89% Cu, 64% Co, 62% Pt, 75% Pd, 67% Au, 70% Ag Page 85
https://www.wellgreenplatinum.com/pdf/Wellgreen_2014_Resource_Technical_Report.pdf 2023 pfs should have been based on these 2014 recoveries. - With as much plats + exotics pulled as stand alone oz's.
- Iron credit
- Mg credit
- no bump up in cut off ( keep the 0.15% )
- keep 846 million inferred tonnes
What's on page 90 of 2014 report ?
It shows the peridotite ore body.
Use link above to verify ( 250m scale increments )
I'm counting 9 ( 250m ) blocks long
9 x 250m
= 2,250 m in length
Definitelt 1000m width at surface near UG mine
And depth near UG mine = very deep = beyond 700+m
West zone reports say.... upto 200m thick in depth
Central = 500m thick depth
But what happens when one perferes - sulphides - lol
As one can clearly see... our 2023 pfs needs a revamp.
Iron credit, magnesium credit, pull plats and exotics.
Stick to just one bulk con. Road Trains.
= would be very interesting to see these numbers ! 
Open to conjecture / correction ?
Anyone want to comment in post ?
Our deposit has far more tonnage
2014 extraction stats are still there
So is the 846 m inferred tonnes ( 2 lense acknowledged )
Look at the length and thickness of deposit ( image above )
Reorganizing mineral credits would see better economics
Cheers...