Post by
Wangotango67 on Feb 07, 2024 4:04pm
ANY COMPETITION IN - 2015 ?
Makes no sense why 2023 pfs has not seen a double take.
To me...? It's so obvious something is off.
2015 - resource was most all sulphides + gabbs - higher bulk recoveries
If i had to redo pfs ?
I'd keep 2015 ( 90% sulphidev+ 10% peri ) tonnage separate
I'd tack on 74 additional holes ( lower sulphides ) to 329 M tonnes
I'd measure all silicate tonnage and aplly 25% recovery to just silicates
= then combine both for a total
Then,
Find a diff extraction for the silicates = similar to fpx's 90% recovery
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2015 YEAR CLASS
Was the height of wellgreen
Even new crew spoke the words in press,
permitting, mining,
Yet... was there another platinum project ( africa ) wanting the limelight ?
Platreef ?
How would wellgreen compare to Platreef ?
What if,
Wellgreen's cutoff was restored to, 0.15%
and 846 million tonnes reinstated ?
2015 STATS
329 million t x 1.672 /g Pt Eq ( no Rhodium or 5-6 other exotics )
= 17,687,717 Pt Eq million ounces
846,000,000 t inferred x 1.571 / g Pt Eq ( no Rhodium or 5-6 other exotics )
= 42,735,241 Pt Eq million ounces
Wellgreen also has,
magesium, chromium, titanium, electrum, barium, rubidium, exotics, lots of iron
Platreef ?
They included rhodium 3PE + Au
The current resources for the deposit are indicated 214 million tonnes grading 4.1 g/t platinum, palladium, gold and rhodium (3PE+Au)*, 0.34% nickel and 0.17% copper at a 2.0 g/t 3PE+Au cut-off grade; containing an estimated 28.5 million ounces of platinum, palladium, gold and rhodium, 1.61 billion pounds of nickel and 794 million pounds of copper,
and an inferred resource of 415 million tonnes grading 3.5 g/t 3PE+Au*, 0.33% nickel and 0.16% copper, containing an estimated additional 47.2 million ounces of platinum, palladium, gold and rhodium, 3.0 billion pounds of nickel and 1.5 billion pounds of copper.
The property is currently owned 66% by Ivanhoe mines, 26% by a South African Entity know as a BEE or Black Empowerment Entity, and 8% by a consortium of Japanese companies.
https://www.geologyforinvestors.com/ivanhoe-mines-platreef-project-game-changer-south-africa/
The way in which platreef resource is measured
Hard to say, if they're also using ( other metals with 3PE + Au )
So there it is,
2015 was on the right track till the 0.15% cutoff was increased
derailing the 846 million tonnes then, the silicates, then, quirkyl pfs.
Our stock value is,
embarrassing considering what's in the ground.
For shh + giggles i took the 2.9% Al value ( 2012 report )
apllied it to 437 million t and attached a bauxite ore con ( lowest value ) $49/t usd
= 12,673,000 t ( aluminum )
= $620 million - lol
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