byproduct creditsMy best guess is that there is going to be some value in the iron concentrate itself excluding the nickel. Especially with iron ore selling at 150ish per tonne. Not sure if there is any value at all in the chromite or if it has to be removed.
Also not sure of my math but if they produce concentrate grading 2.3% nickel that would be approximately 50 pounds of nickel in concetrate per tonne, worth something around 500 dollars per tonne of concentrate shipped plus iron credits or 650 total.
I am not sure how to work it out in dollars per tonne mined. Using simple math and a lot of assumptions I get another 5-7 dollars in iron per tonne from the iron to help offset mining, concentrating and shipping.
Am I out to lunch or does this sound right?
be nice.