POINTERS - 2015 vs 20232015 PEA - 11% Gabbro 88% Clinopyroxine 1% Peridotite
2015 - was all about high grade
2015 - 330 million tonnes ( several pits + underground )
2015 - 2.4 billion lbs nickel
2015 - 68 mil lbs Ni avg each yr x 25 yrs =
1,700,000,000 ( payable ) 2015 - phase 1 met = lower holes used 71% recovery
but..... many composites from several locations was also mentioned
several pits + underground - only high grade or, clino + gabbs
extensive assaying and relogging - would support the - clino + gabb
2017 - majority ores are now peridotites
2023 - no percentage in 2017 press stating how much peridotite %
peridotite = practical entitlement
2015 applied 25% recoverable for stockpiled peridotites
437 million tonnes - 1 open pit
2.4 billion lbs nickel
phase 2 met used upper hole ( peridotites ) boom.
624 million lbs Nickel payables LOM
437 million tonnes
x 0.26% Ni ( just nickel )
=1,136,200 tonnes Ni
x 2200
= 2,499,640,000 (2.4 billion lbs nickel - 2015 + 2023 both have 2.4 billion lbs ) x 25% recovery ( using 2015 peridotite - captured metals or 2023 practical entitlement ) = 624,910,000 ( payable metals ) 2023 press stated 614 million lbs payable Do you see it ? Good odds....
ENG firm had " all ores are peridotites " engrain in their minds.
And with computer modelling set their % parameters to,
all
peridotites and applied
25% recoveries. Versus....
2015 had
71% recoveries using -
Clino,+ Gabbs.
Which leaves the billion dollar question.... Where are the 2015 - 330 million tonnes of ( Clino + Gabbs ) ?
Have these become the 20230pfs - stockpiled ores...lol
Complete reversal from 2015 ?
Or.... was 2023 pit moel switched up to an entirely different pit model.
Where one has to mine only peridotite...?
Versus, 2015 they specifically only mined
Gabbs + Clino and stockpiled upto 10% peridotites - process last 8 yrs of 25.
As for the PFS 100 million tonne reduction ? Labelled as reserves ?
437 million tonnes
x 25% reduction
=
109,250,000 t Leaving...
327,750,000 labelled reserves
Right back to, 2015 resource size
Scrap all drills 2015 forward.
lol The 2015 resource and mine model should stand.
Future studies was suppose to work on better recoveries for - 2015 PEA
Tack on all drilling from 2015 forward
Remove Quill encroachment zone = activates Johnson + other drills in same vicinity
Could one contest these theories ?
And say.... peridotites are atop, the clino + Sulphide + Gabbs.
Are they, what if one didn't drill the peridotites firstly and only drilled the
transition zones
vertically = only gabbs,clino, sulphides.
Drilling through peridotites
allows for approx widths of, footwall ( gabbs, clino,,sulphides )
also allows one to use the pitch of drill and peridotite capping
as a barrier to - gabbs, clino, sulphide.
= supports the case for, majority peridotite.
= but if footwalls were drilled vertically or footwall pitch = all gabbs, clino, sulphides
Theoretically...We have 2 deposites. Upper drill core silicates just as mineralized as lower
Lower drill core weee bit high grade - gabbs, clino, sulphide
An answer might be found sifting 2015 pea how many pits and tonnage
how much tonnage from underground
Keep in mind
underground had a 114 million inferred tonnes.
Prophecy did drill inside the mine and intercept upto 547m.
Several more with 100m + 300m
Was west zone included in, 2015 ?
How about Far East ?
What came after 2015 ?
Quill cutting into main east zone.
And... i don't think west was included in, 2023 pfs.
In my opinion,
2023 has a complete diff ore, boundaries and mine model than,
2015 pea, ores, mine model, and locations
The premise beyond 2015 was to keep building upon 2015 PEA.
Not change everything.
Furthermore,
one could counter and say,
measure the peridotite / dunite upper drill holes
measure the lower drill holes
= double the resource ( lol )
= keep original boundaries
= deeper pit ( my goodness, the 31 extra yr LOM removes entire mountain )
= switch up extraction to accommodate both ore types
= carbonate extraction or DNi
Or, run with 2015 PEA
tack on all drilling since ( 2014 forward )
just remembered 2014 drills added in 2016 press
Keep underground mine
Target the Johnson big intercepts.
I modified the 2023 ( pfs pit )
added other nearby holes
added johnson's holes ( guesstimate area )
and pointed out 120m depth near FE location.
So shallow if one considers John's holes.
All other drills are somewhat accurately placed.
Again, just my own interpretation.
Not investment advice by any means.
Johnson holes in drill image show 2 small knolls
these knolls look similar to the Quill border.
Johnson drilled inside the far east
the pinpoint arrow image shows arrow just inside quill zone
the two knolls are similar to the lower level near mine portal or where i think
they might be, using the arrow pinpoint image.
these two other images i'll place below the, pit image for reference along with
a third image of, other drillhole placements.
Pinpoint image ( johnson holes at pinpoint or, mine portal lines )
based on small knolls.
why would they circle this zone + use arrow ?
Why make another zone - quill which use to be just east or main wellgreen ?
https://s21.q4cdn.com/491660439/files/doc_news/2014_march_resourceoutline-web.jpg Johnson drills - FE knoll + Quill knoll ( creek separation )
https://s21.q4cdn.com/491660439/files/doc_news/fareast-578375E-web.jpg Other drillhole placements which i transposed onto, pit image
https://s21.q4cdn.com/491660439/files/doc_news/2016-0422-nr-drillholes-aerial-planview-1024x689.jpg An extra image Seems someone knows the mineralization of east continues
Quill cuts it off.... Quill cuts of meterage - Quill is nasty.
2023 pfs = only wellgreen / east ( and....hmm partial central ? )
My theory of Johnson drills going into the quill plunge which
should still be east or main wellgreen. An opinion.
OMG - i just noticed it. Look where i think the johnson holes are.
I see a drill marker in below image.
giggles.
Note - Johnson 4 pack drill image.
Has a 2008 drillhole slipped in.
Hence, image below could predate Johnson's 2012 + 2013 stellar holes.
Hope my research is helping to better understand the, Wellgreen.
It sure is a puzzle.
Cheers.