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FPX Nickel Corp. V.FPX

Alternate Symbol(s):  FPOCF

FPX Nickel Corp. is a Canada-based junior nickel mining company. The Company is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same style of naturally occurring nickel-iron alloy mineralization known as awaruite. It holds a 100% interest in five nickel properties, four of which are located in British Columbia (Decar, Wale, Orca, Klow), and one located in the Yukon Territory (Mich). The Company’s primary project is the Baptiste deposit (Baptiste or the Project) located within its flagship Decar Nickel District (Decar). The Mich property is located approximately 55 kilometers (kms) southeast of Whitehorse in the southern Yukon Territory. The Orca property is located approximately 35 kms east of Dease Lake and nine km from the Eagle target on the adjoining to Wale property. Klow Property is located approximately 120 kms northwest of Fort St. James and 55 kms north of the Decar Nickel District.


TSXV:FPX - Post by User

Comment by N3tPr0pheton Apr 28, 2022 9:12pm
258 Views
Post# 34640904

RE:RE:RE:Sorry Dudes

RE:RE:RE:Sorry Dudes
Sasha11 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.
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