FPX Nickel Corp. V.FPX

Sorry Dudes

[Sasha11]

Sorry but no way that nickel grade will economically support battery grade nickel production.  Even ferro nickel with the capital and infrastructure required is a hypothetical stretch.   Save your shareholders some grief, look for nickel in the nickel belts, which is not here.

[N3tPr0phet]

You have no idea what you're talking about. A 60% nickel concentrate from FPX's awaruite deposit is a significantly more effective precursor for the production of nickel sulfate than the 30% concentrate products produced by "higher grade" convenyional sulphide deposits. The initial grade is irrelevant; what matters is where you end up and how you get there. Consider the 22-Jan

[Sasha11]

of coarse the initial grade is relevant, and this would be the lowest grade nickel mine on the planet.  Also very hard rock and fine grind needed at huge tonnages for this property.  The ferronickel concentrate produced is much more difficult and expensive to leach and then make precip.  Happy to be proven wrong; show the economics before hyping the stock. 

[N3tPr0phet]

The PEA already shows some of the most robust economics of any junior nickel project, does it not?

[N3tPr0phet]

You're moving the goalposts. Your original claim was that "this is too low grade to make battery chemicals from" and I my point about head-grade not mattering related solely to that. Of course head grade matters overall, but so do other factors like recovery, end product concentrate grade, and metallurgical processing. Ceteris paribus, a head grade of .14% and a recovery of 90% is

[Sasha11]

Nice try a head grade of O.14% with 90% recovery (very optimistic) = 0.125% Ni and after all those processing steps you listed no way anyone is going to take a chance on that for a billion dollar investment.  GIGA is the same story although they have slightly higher grade and I think at least they have moved on.  CNC maybe has a chance, more double the grade, in sulphides, and at least

[N3tPr0phet]

FPX also put out a PEA. Despite the lower grade, it has a significantly higher NPV than that released by CNC, even though it uses more conservative assumptions (CNC assumes co-located steel mill, FPX doesn't provide for byproduct credits).

[Sasha11]

you talked 90% recovery to nickel grade battery material.  Not true and not in the PEA.  You are trying to ride a band wagon FPX will never be on.  The PEA assumes infrastructure mainly power will be provided.  It wont be up there for many many years.

[N3tPr0phet]

The project is 110km from BC Hydro's grid and part of the initial capex provides for connecting to this. They aren't assuming that power just appears like mana from heaven.