Wisdom of the CrowdJust spitballing here… how much are the mineral “Resources” (as per 43-101 compliant estimates) worth, how much would it cost to dig them out, get them to refining and then to market, how much time would it take, and, how much do the First Nations get for being part of the solution and how do they get it?
Feel free to chime in and contribute to the discussion with any opinions, intel or factoids – we can find out whether we wind up with the “wisdom of the crowd” or “the madness of the mob”.
Start line:
https://kwgresources.com/kwg-for-clarification-requested-by-osc-2/ Project Tonnes (MT) Grade Contained Chrome %KWG MT Cr
Big Daddy 85,900,000 34.5% 29,635,500 MT 40% 11,854,200
Black Horse 32,500,000 31.3% 10,180,100 MT 30% 3.054,030
Interest 14,908,230
Recent Price for Contained Chrome
https://zxferroalloy.com/resource/ferrochrome-price/ Let’s estimate USD $1.00/lb to keep it simple, or USD $2,200/MT
Gross
possible value of 14,908,230 MT @ $2,200/MT would be USD $32,798,106,000
Convert to CAD @ 1.25 yields $40,997,632,500
Now…. How much will it cost, and how long will it take? There’s a lot of discounting to do here.
Capex for mine – probably similar to Noront’s eagles Nest numbers in their Feasibility Study
Capex Railveyor – USD $657,000,000 or CAD $ 820,000,000
Opex Railveyor – USD $2.88/MT or CAD $36,000,000 per 10 Million MT/yr
Capex Electrical - $1.7Bn of which a good portion can be recaptured from existing subsidies
Capex Refining - ?
Opex Refining - ?
Other Costs?
Feel free to chime in and fill in blanks…