Bullboard - Stock Discussion Forum North Arrow Minerals Inc. V.NAR

Alternate Symbol(s): NHAWF

Metals & Mining Industrial Metals & Minerals

North Arrow Minerals Inc. is a Canada-based exploration company. The Company is focused on the identification and evaluation of lithium and other exploration opportunities in Canada. The Company is engaged in evaluating spodumene pegmatites at its DeStaffany, LDG and Mackay Lithium Projects (NWT) and is also exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field and on Baffin... see more

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North Arrow Minerals Inc. > DeBeers Victor Mine Good Proxy Valuator

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Post by nozzpack on Dec 23, 2021 7:15am

DeBeers Victor Mine Good Proxy Valuator

De Beers VictorDiamond mine contained 6.5 million carats within 28.5 million tons of ore.

Nauquat has 26 million carats within 48.5 million tons.
Its carat grade is therefore several times higher than Victor.

Victors Feasability study metrics are shown below. It had a very profitable 12 year mine life generating 8.1 m carats and over $3 billion in revenues .

Given higher grades and several times the contained carats as Victor, Nauquat should be able to produce about 20 million carats worth over $6 billion.
It should be noted that Nauquat has many advantages over Victor that will result in much lower capex costs.

https://republicofmining.com/wp-content/uploads/2011/12/Debeers-tableFinalfinal.bmp

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