RE:RE:RE:Sorry DudesSasha11 wrote: of coarse the initial grade is relevant, and this would be the lowest grade nickel mine on the planet.
You're moving the goalposts. Your original claim was that "this is too low grade to make battery chemicals from" and I my point about head-grade not mattering related solely to that.
Of course head grade matters overall, but so do other factors like recovery, end product concentrate grade, and metallurgical processing.
Ceteris paribus, a head grade of .14% and a recovery of 90% is functionally equivalent to a head grade of .42% and a recovery of 30%. Throw in the fact that awaruite is capable of bypassing smelting entirely, and you can begin to see why the NPV for Baptiste is significantly higher than that reported by peers such as GIGA and CNC.