The MgO in Concentrate
Victory's High Grade Nickel Concentrate planned to ship for smelting grades about 22.3% Nickel and 10.4% Magnesium Oxide (MgO).
MgO has many uses and i often wonder what a pound MgO sells for.
If they treat 3.6 million tons of nickel ore grading at 0.43 per tonne, then about 69,420 tonne of concentrate grading 22.3% nickel and 10.4% MgO goes to smelting, making for 15.3 million pounds of MgO.
I realize that the MgO might require a special fees or that Victory may find the HydroNic Process better for their overall situation. If not, the MgO in concentrate may help them with a few million extra dollars to compensate for transport to the smelter.
Some uses of MgO
https://en.wikipedia.org/wiki/Magnesium_oxide