CNC Ni concentration at 0.4% vs Dumont at 0.22% Now, for my English friends, I have translated for you.
The difference is there! Just by doubling the concentration of the ore, we double the revenues compared to the Dumont project for the same 30 year life span. Because CNC already estimates that its Crawford mine is larger than Dumont (Dumont is ranked as the largest nickel reserve in the world). Furthermore, by purchasing the Noble properties (especially MacDiarmid), CNC believes it can double the size of the mine based on historical drilling on the Noble property. The drill results have the same characteristics (same mineralization and ore thickness) as the CNC mine (Crawford).
More importantly, if the MOU with Glencore goes through, then the capital costs will be greatly reduced for the CNC PEA, which makes the project even better than Dumont.
And the project will be CO2 free because the source rock, once extracted, absorbs CO2 from the air. This is a rare phenomenon but so important in times of global warming.