RE:Price calculation for hole 14GeoLossControl wrote: Posted on ceo.ca. Thanks @engineer for the calculations.
@engineer Hello everyone. Please have a look at the relevant data for E&L Nickel Mountain versus Voisey's Bay Holes. In summary, and my opinion (i'm not a geo by the way) - the Nickel grade equivalents of E&L are world-class and far superior to Voisey's and even several of Sudbury historic mines and the majority of other intersections of Nickel Sulphide mineralizations. I'm here to present the data, feel free to re-interpret it, but I don't think you'll find anything like these numbers in recent history. Look at it for yourselves, think about what these numbers mean and for the potential of what's to come when these veins hit the instrusion and feeder(s), over a strike length of potentially 6kms. What does this tell you about the scare tactics folks are trying to place here and have been? Why does the stock price trade lower on such a great release? Well... I'm here for the long run, daily price swings are not a concern. I know where this is headed to and I won't be scared out of my position. The Nickel Equivalent's are based on December 7th, 2017 market prices. I have compared the 'Ovoid' (best intersection I was able to find) plus the Voisey's discovery hole. Versus the E&L holes with massive sulphides and today's release of EL-17-14 massive sulphides.
Hole USD/T Nickel Equivalent
E&L EL-17-04 MS 4.8m $1,196.84 11.10%
E&L EL-17-09 MS 9.9m $1,283.03 11.90%
E&L Discovery EL-17-14 MS $1,547.64 14.36%
Voisey's Disc VB-94-02 $418.68 3.88%
Voisey's Ovoid VB-95-07 $669.07 6.21%
https://cdn.ceo.ca/1d2mnm8-engineer-nickel.png+
Feedback is of course welcome if you find that my calculations above are incorrect.
Calculations may well be correct, but you need to consider the following differences:
VB intercepts were much longer, so the tonnage is much higher.
Secondly, VB's deposit is much closer to the surface so it is economical to mine whereas E&L has the good stuff around 150m.
Thirdly, GGI's holes are very close together, whereas VB was spread over a larger area, again this leads to more tonnage.
Just look at the diagram and suggest how the MS will be mined. I'll be interested in the answers.