OPTIONS -As you can read - ( former posts ) it's good to look at all options.
The wild card factor in my opinion might revolve around - cobalite.
Cobalite - if the current cores were checked for cobalite values and suppose a
.001% per tonne was present - it would certainly add to the over mineral credits.
Thing is... no one really knows what sort of deal Braveheart cracked with, Ocean.
They deal in concentrates - clearhounse of sorts.
Based on Bravehearts - combines resource categories ( indicated + inferred )
2,600,000/ million tonnes @ 1% cut off.
This resource size could increase if the cut off was lowered to hald the 1%.
I haven't a clue as to why th junior is running with a 1% when peers in B.C.
run with far lessor cutoffs.
Based on a former BH video -
25% concentrate was talked about .
But.. .an mentioned no one knows what percentage the concentrate will be and the concentrate dictates the price it fetches per tonne.
Not knowing the price per concentrate ultimatelu - also - dictates the price mivement of the stock.
I did bring up cobalite numbers in a previous post - i think i mentioned - 1/g tonne and i would be happy... lol... see what happens when one's mind is set on grams...ha.
I meant to say... .001% cobalite per tonne would be wonderful.
But.. such would have to be proved.
Signing an off take agreement without " first " knowing the cobalite values in the ores,
is well... you know.
HYPOTHETICAL ? ( the what if... cobalt values were present ? )
Ian did chip a few rocks inside the mine and 900/g of cobaly was identified. That's just a rock chip- not a tonne but a mere sample piece of rock.
2200 ore tonne
x .001%
= 2.2 lbs
2,600,000 ore tonnes combined
x .2.2 lbs
= 5,720,000 lbs
~ 2200 ( pounds )
= 2600 tonnes
x 53,500 ( cobalt price per tonne )
= $146,900,000
.005% ( 1/2 of 1 percent )cobalite
= 11 lbs x 2,600,000 = 28,600,000 lbs ~ 2200
= 13,000 tonnes
x $56,500
= $734,500,000 ( just 1/2 percent grade hypothetical )
Which is every reason to check the cores for cobalt.
This cobalite story certainly went silent awerfully fast...
Then. ..a copper concentrate contracts manifests ....lol
Cobalite - would certainly add to the over all mineral credits.
Places the project near the 1 billion with just 1/2 percent grade.
But again...
no one knows the true scope of the cobalite and a contract was already signed.
Ugh....
45,000 wet tonne copper concentrate contract.
What if it were a 25% concentrate ?
Approx 15 tonnes processed @ 1.7 % copper
25% con
2,600,000 - total mine ore tonnes
~ 15 ore tonnes ( equivalent to 25% concentrate )
= 173,333 ( sinlge ore tonnes EQ = 25% con )
- 45000 wet tonnes
= 128,333 ( 25 % sinlge concentrate tonnes remain )
173, 333
x $500
= $86,666,500 ( pret near the value of $90/million metal value Braveheart mentioned )
( throw in stockpile above grade and it would hit the $90.million )
FINAL THOUGHTS ?
- Revise processing / extraction
- Reduce costs to mine and processing
- Increase concentrate grade = more profits
- Introduce Anodizing = more profits
- introduce fuel reduction on ore transportation - few add ons out there for trucks.
- chloride acid instead of sulphuric = leaves copper intact while iron + sulphur dissolve
- if sulphur is preffered - entertain copper sulphare - crop fungicide alternative market
- scope the cobalite values in current core shacks - could exponentially increase profits
- consider carbon black - low grade sells for $300/t 9 the what if, 5% - 10% was present ?
- cobalite + carbon black -could steal the copper show but... more intel is needed.
Cheers....
Oh.... almost forgot....
The idea of, placing copper ores into solution ( minimal ore reduction ) and simply let the acids do the work, and then... the what if, ionic filtration was implemented ?
What sort of concentrate could be avhieved using this method ?
The idea of dissolving metals into solution is a topic that doesn't quite run deep enough
for my own curiosities - meaning - most all citations speak of, metal becomes solubilized and well... end of story.
My hunch kind of suggests - the metal solubilizes but could it be a metal cation still in its metal form - just reduced down to a nano particle ?
if so... it would explain how electrostatic and ion attrwcting filtetration cna still collect the metal ions .....if true, then.... perhaps an ionic filtertarion ( static ) could be a real easy path to achieve a far higher concentrate = more $$$$$>
thanks for bearing my research efforts....
if i've errored, and i'm sure i have a few - do excuse.
Wango~