Post by
Wangotango67 on Jan 18, 2024 12:58am
MY REPLY ...
Well Busy Bee,
I was once in NCP years ago.
Never understood why the stock never rose in price.
Fastforward,
i decided to check out a few critical mineral stocks.
NCP, was back on the list.
Saw the 2023 PFS and compared the NVP to peers and said, something has to be off.
Risk + Reseach = Hopeful Reward... so i jumped back in.
Bought shares.
And thus my research began hoping to find some sort of anomaly or missed mineral
that would correct the PFS.
My first anomaly ?
Peers were using iron to a vantage. ( economic vantage )
Why wasn't NCP ?
Iron grades were far higher than most peers - enough for concentrate enough for separate con.
With more research,
I watched NCP's spring ( 2023 ) video where Stew mentioned they'd include Rhodium, going forward.
Hmmmm... months later the PFS makes it's debut and - no rhodium.
Which inspired the the thought... just how much Rhodium is there ?
It took many searches.
Then sudden breakthrough.
I found the Prophecy files.
Still online tucked away on, slideshows.
It was then my eyes widened.
Seeing the extent of plat group and exotics - with in underground mine.
https://live.staticflickr.com/65535/53332411817_64d1c0115e_c.jpg
Not long after, i came across 800 chip samples inside the mine.
Noticed they used better assaying - which most likely help reveal the exotics.
Prophhecy later revealed, they'd revert back to standard assaying ( 4 part ).
Told my self in thought.... why revert back to 4 part assaying ?
Which prompted me to research more about the underground mine.
Which begged, why was the e junior drilling the west zones and not expanding eastern ?
Which led me to the zone name changes and the Quill invasion zone.
Which then led to the ( UG mine vice )
use UG mine in economic studies but with several pit models ?
Pits were too shallow.
h
UG Mine is mentioned.
Yet... Mine seemed excluded ? ( deeper intercepts )
Found myself crunching constraints seeing if the deeper intercepts
matched the proclaimed tonnage or...was there more ?
My figures revealed - more tonnage.
Even open pit models
didn't match the longer intercept depths.
Then, there was the entire backside of mine mountain revealing
north side mineralized models - all in red - higher grades.
Yet pit models showing just south side.
North side shows extensive mineralization.
https://live.staticflickr.com/65535/53285644612_222e640e5a_c.jpg
Which then led to,
upper hole lower hole and geo changes to ore geologies.
were they only including upper, or lower hole intercepts ?
It was then,
i decided to compare resource sizes - former with current.
Discovering significant tonnage was axed.
Was it cutoff tactics or extraction not able to handle certain geologies ?
2017 press said it all.
Yet... 2012 - 2014 bulk extration with finer grind - 80% peridotite blend
= says it can be done.
Then i came across other assay reports revealing,
titanium and chromium.
In addition,
geologies separated and finding assays that sep peridotite from sulphides.
Back then, they grouped, dunite, peridotite, clinopyroxine as = all peridotite.
Titanium, Chromium, and suddenly peridotite nickel with, 0.40%
While sulphide has its own % - 2 separate assaying values.
https://live.staticflickr.com/65535/53314406722_f0c05143da_z.jpg
How could this be ?
Current documented grades are 0.26% +/-
Yet, 0.40% in 3 geo group peridotites ?
Issue ?
They used a sulphide extraction that can't handle crystalines, silicates, or solid solution ?
Not the extraction company issue rather, why did the junior not seek a diff extraction ?
DNi or FPX style....or revert to sgs's 2012 - 2014 bulk extraction ?
Yet... what came next ?
Axing 80% resources.
hiding behind the extraction.
Again, not extraction company fault.
They deal in sulphides.
Junior still proceeded.
Funning thing is ?
Those 80% resources are still there.
Just needs diff extraction.
Why not acknowledge it ?
Another headshaker ?
In the extraction tech reports they admit a good portion of the PGM's
tag along with the magnetics.
Yet... the end outcome we find the plats back in the - concentrates ?
lol
Which begs...
why have a conference without first fixing the pfs ...?
Which segways national security of critical minerals,
Stakeholder ( foreign ) involvement of Canadian juniors.
Gov't 30 - 40% assistence.
Gov't + Stakeholder Form Partnerships.
And somewhere in the mix were shareholders even thought of...?