1.2% Ni ORE CON vs 1.2% Ni POWDER CONApparently there's a distinct difference in Ni Con payables.
1.2% Ni rock ore = $90/t
https://www.alibaba.com/product-detail/buyer-nickel-ore-with-packaging-details_62165361780.html?spm=a2700.galleryofferlist.normal_offer.d_title.24145ef0XO0qJI
1.2% Ni Powder = $125/t ( large quantity )
https://www.alibaba.com/product-detail/Wholesale-custom-private-label-Concentrated-ores_62165635599.html?spm=a2700.details.0.0.6c3c5cf7AHG48Q
Open each link
scroll to review what other waste ore comprises the concentrate.
Silica 16 - 24%, calcium, magnesium, aluminum, chromium, sulphur...etc.
Former posts i've addressed 1.8% Nickel Con.
But...1.2% Ni Con is even easier to achieve.
And.... with 40% iron content = forces the iron payable.
Less cost to produce
More Profit
Less Waste ( reclamation )
Less Nickel in concentrate more iron
Stretches the number of concentrate tonnes sold.
Question ?
Do major Nickel miners still sell Ni concentrates to, China ?
Wakey, wakey.
NCP, direct ship right out of the port of, Alaska, or other.
Let's now ask,
if all nickel were accounted for, ( silicate + sulphide )
and 24% silicate allowed in concentrate
Would this increase our recoverable nickel payables ?
After all, wellgreen has nickel in the silicates.
Logic dictates = yes.
More recoverable nickel = only 1.2% concentrate
= significantly increases concentrate ( tonnage lots )
Theoretically, factoring the inclusion of silicate in con
it could bring into play most all 2.4 billion lbs of nickel
1.2% Nickel from ( 1 tonne = 26.4 lbs
2,400,000,000 bil lbs Nickel
~ 26.4 Ni lbs
= 90,909,090.90 ( single con lots of 1.2% Ni
x $125/ lb con payable
= $11,363,636,250 bil usd ( just nickel )
Roughly $32/ mine + processing cost
$125 con payable
- $32 all in
= $93 gross net
90,909,090.90 ( single con lots of 1.2% Ni
x $93
= $8,454,545,370 bil usd
Not investment advice.
Just how i see the wellgreen should be modelled.
Cheers...