Nunavik Minehttps://www.miningweekly.com/article/canadian-royalties-seeks-alternatives-to-low-ball-jien-offer-2009-08-25
“ Once in production, the Nunavik mine is expected to produce about 26-million pounds of nickel, 40-million pounds of copper, one-million pounds of cobalt, 15 000 oz of platinum and 80 000 oz of palladium a year.”
Nickel -26 million lbs @ 10.54 = $274,040,000
Copper – 40 million lbs @ 3.51 = $140,400,000
Platinum – 15,000 oz @ 1621 = $24,315,000
Palladium – 80,000 oz @ 543 = $43,440,000
Cobalt - 1 million lbs @ 20 = $20,000,000
Total value= $502,195,000
Then looking at the News Release August 17 2010 it states that the company wants to operate a 4,500 tpd mill instead of 3,500 tpd. It will be interesting to see how this will effect the production numbers above. Updated feasibility study for the mine is due 4th quarter 2010.
“SNC Lavalin were selected as the engineering, procurement and construction management services (EPCM services) contractor and they began work in early June based on a letter-of-intent. In connection with the construction activities, application has been made to regulatory authorities in Quebec for a permit to operate a 4,500 tpd mill at the site of the Nunavik Nickel Project (an upgrade from the 3,500 tpd mill currently permitted).” Additionally, roadwork and earthworks are being executed by Kiewit-Nuvumiut based on a letter-of-intent. Current plans anticipate various infrastructure components to be advanced sufficiently to allow construction to continue through the winter months into 2011 leading to an anticipated start-up in the Q1 of 2012. An updated feasibility study on the Nunavik Nickel Project is expected to be delivered in the fourth quarter of 2010.