Muds Bang on Nickels at 13 bucks Imagine if we did have a 1000 tonne mill on site. We could likely triple our profits for a net revenue pretax of 20 million a year with a fifty year life. I vote for finding a used 1000 tonne per day mill and setting up support tailings etc to deal with it. My guess is this could be done for less than 30 million- about a quarter of the cost of a 4500 tonne per day mill.
As per the comment on our "low grade ore" I would challenge this hypothesis! .38 copper and .36 nickel together with 1 gram per tonne PGM and gold, as well as cobalt at .02% is not low grade by any stretch of the imagination.
Lets take these metals and make them all copper equivalent (since I like copper so much). Nickel is worth 3 times copper so .36% times 3 is 1.1% copper. Next lets add 1 gpt of precious metals (palladium, platinum and gold. Lets take the average value of these to be 1200 ounce, which has 28 grams. That gives our ore a value of $43/ tonne for precious metals. If copper is worth 10,000/tonne and 1% of 10,000 is 100 than 43 bucks is the same as 0.43% copper.
Next lets take our Cobalt at .002. Cobalt is worth 3.5 times as much as copper. Thats .07% copper.
Now lets add it all up. .38% copper plus nickel equivalent at 1.1% copper, plus precious metals at .43% plus cobalt at .07% copper. 1.48%+.5% is 1.98% copper.
So our ore is worth about $200/ tonne! Compare this Mt Milligan with .24% copper and .3 gpt gold which has a copper equivalent of .5%. Compare this to Endako mines with .05% moly or .18% copper equivalent. Compare this any one of hundreds of projects that have no permitting, no infrastructure and no mill close by.
Next look at how close we are to EVERYTHING. Next take into account that this mine is permitted. What are the risks?
1. Big drop in base metals. If you believe that the developing economies are in an industrial revolution the odds of this happening are very low. Remember there are 50lbs of copper in a central AC unit. If you lived in India and you had money what would be the first thing you bought for your house?
2. ??? Somebody tell me another risk!
Anyone who purports that our Ore is low grade is stuck in the past. Anyways. There is a lot of money to be made in the near future for anyone who buys this baby at 15 cents.
As always due your own due diligence. Good luck to all and may your lives be full of joy.
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