King River Resources Ltd T.KRR.W

One 27 inch cube of 2.9% nickel ore = $667 US gross

[Farquar]

So, based on a ballpark estimate of how big a shovel full of crushed nickel ore has to be to get one tonne of ore..I estimated about 27 inch cube..I could be a bit off, since I don't know the exact specific gravity of the rock at Beta Hunt but it is close enough....So, a 27" cube of broken 2.9% nickel ore gets us 29 kgs of nickel...To get one tonne of nickel you would need about 35 shovels ....( krr guidance is 450-550 tonnes of nickel for 2022) To get 550 tonnes of nickel you need 550 x 35 = 19,250 shovels...To carry this ore would require around 550 35 tonne dump trucks ..They would need 7 full days of ramp usage to let that/those 35 tonne truck(s) transport those 550 loads up the ramp...( The ramp is 1 mt/yr 365 days = 2739 metric tonnes ore per day on that ramp) ( 19,250 tonnes 2739 tonnes/day = 7.02 days of ramp usage)....So 1 shovel of 2.9% nickel ore = 667$ US gross @ 23,000$ US nickel price...1 shovel full of 3g/t gold = 180$US gross @ 1860$US gold price.....The big question is : Why is Krr not mining more nickel this year? What is the problem? Huet needs to explain why he is only using 7 day's worth of that ramp space to mine nickel, when each 1000kgs of nickel ore is grossing almost 4 times the gross revenue than gold is?