M + I 26% Nickel ( PFS - comment )If 53.3% initial recovery - Ni
If closed ( curcuit locked ) no nickel is loss.
Current nickel resource ( M + I )
= 2,400,000,000 billion lbs
x 53.3% recovery
= 1,279,200,000 billion pounds
If engineering firm kept 53.6%
= 1,279,200,000 billion pounds
If engineering firm made a key punch error and keyed 26%
from the 2,400,000,000 billion nickel pounds
= 614.3 million pounds ( extactly what the pfs states )
Could the engineering firm made an error ?
Used ( 53.3% ) and then.... used the nickel avg grade of 26%
and did a double reduction ?
If, true.
All other mineral weights and metal payables are off.
Anyone want to comment ?
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Former post repeat ( assist in understanding )
2018 Phase 2 XPS Results
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2018/Nickel-Creek-Succeeds-at-Separating-Nickel-and-Copper-Concentrates-for-Nickel-Shw-Project/default.aspx
Imagine ( bulk composite ores ) variety from all stratigraphy.
Imagine performing an initial extraction recocery to create = bulk concentrate.
Achieved 53.3% nickel recovery
You now have a bulk concentrate to further test
This bulk con goes into a lock circuit ( no mineral loss )
End goal - create a higher % mineral con payable
I will only use Nickel as an example
Current nickel resource ( M + I )
= 2,400,000,000 billion lbs
x 53.3% recovery
= 1,279,200,000 billion pounds
How much nickel pound payable in PFS ?
614.3M lbs nickel; = 26% recovery
If one reverts back to xps met tests
bulk ores went into locked circuit
no loss in lock ( circuit )
should still maintain 53.3% right ?