SPECULATION - ( good stuff )How do you drill out a property without attracting too much attention ?
You begin with this labelling map.
https://live.staticflickr.com/65535/53233499245_3e788493a5_z.jpg Then, as the claims
pass from one junior to another, You divide the East Side into east and far east making quill creek the boundary.
Next up, you change west zone to far west and west.
You next throw a central zone in.
You chsnge Wellgreen to East.
Then, carve away main Greenwell now called East = squeeze in, far east.
If the far east that use to be apart of East ( wellgreen ) has the reserves you squeeze in, Quill.
You lastly change right side of creek ( east + far east ) to = burwash.
You next... report a resource calculation, or write a report, on a selective zone
Main wellgreen ? lol
Now read reports that speak about wellgreen discovery dating back to 1950's
to present day....trying to decipher what is east vs far, east, vs main wellgreen.
But the again, one could always revert back to, 2016 Fact Sheet.
Junior conceyed what Wellgreen constraints were - all in a simple image.
https://live.staticflickr.com/65535/53294161410_c3bcde2b6f_c.jpg Wellgreen, above image link - Icludes the new Quill.
All the way West.
South + North side of Mountain.
This portion of post now sets the scene.
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SPECULATION ( my own take - not investment advice ) Upper Left Image - 2014 - 2016 era - i think''' this is the "
front side "of wellgreen
standing south facing north - 2015 base case pit ( smallest V cutout ) when deeper mineralization is known.
- If base case is second " V " it now has created significant waste tonnage
- which makes this pit design - waste excessive strip ratio - more costs, longer paybeck
- 2015 stockpiled waste ( peridotite ) to process next 8 years total LOM 25 yrs.
- notice the underground mine is kept - void
- underground has a highgrade ( 72 million measured + 173 million inferred )
-
what would the deposit look like if colored blocking included main mine ?
- other reports estimated 1.563% Ni Eq in this high grade zone
- 2023 pfs has an odd 100+ million tonnes x'd out
- 2015 has this main mine area void
- if this image is the front side - quill boundary
carves away significant tonnage
- 2023 pfs only wellgreen.
- depth measurement far exceeds 500m ( refer to meter elevation )
- 20 blocks x 25m each = 500m
- what would the resource amount to if main mine included + all depths .
Lower Left Side Image - i think this is the backside of wellgreen ( northern ) area never spoken about.
- after first pit ( base case ) wicked strop ratio - white voids
- white voids = peridotite ????
- if peridotite - 2015 stockpiled this
- GT met studies had very decent recoveries with peridotite finer grind
- xps used course grind - poor recoveries ( diminishes value )
- i can't dismiss 2023 would not do same - stockpile or blend peridotite with main ore
- GT met studies said after fine grind of peridotite - these ores could then mix with main ore
Upper Right Side Image - 2023 pit design ( looks very diff from 2015 pit base case
- if this 2023 pit crawl and carves all upside of mountain....then,
what if these ores are all peridotite and treated as waste ?
it would create an enormous amount of waste used against actual ore.
- if by chance this is backside of wellgreen - why was it never spoken of ?
Bottom Right Side Image - an important image
- shows main mine area mineralization ( but omitted in block modelling )
- shows downplunge in FE zone + Quill
- Quill ( new zone ) is not Wellgreen pea, or 2023 pfs right ?
- why only show investors frontal side of mountain ?
- logic dictates - if the mountain has this much mineralization.....
what are the chances it
goes right through the mountain to other side ?
CUT PASTE 4 PACK IMAGES ( all original just print overlay - my own take )
Front side + Backside + Deep Depths + Main Mine Highgrade
Central + West zones
= lots of mineralized tonnage
Open original image look at smallest images shows all zones were measured long ago.
Remember -
Wellgreen + Prophecy reassayed + Figitized + oerformed mega new drilling.
https://image.slidesharecdn.com/prophecyplatinumwellgreenpresentation-111014142832-phpapp02/75/prophecy-platinum-wellgreenpresentation-17-2048.jpg?cb=1672390020 Which brings subject round to... Johnson's 3 pact drills + 1 2008 drill.
Seen in this image.
https://live.staticflickr.com/65535/53269123979_af3abae7c1_c.jpg Articles and Press stated,
Johnson's 756m deep hole was drilled in Far East Zone.
We can see the pich of drill showing about a 45 degree.
Yet.... 2015 PEA shows Johnson's deep,drill going right to other side
of the mountain.
In the East Zone.
Or.... Main Wellgreen.
Saying far east in article or press.... would point investors minds
to far, far east beyond quill.
This might lend the impression the 750m hole was well away from the
main wellgreen - had they said wellgree - it would have endorsed
and beefed up main wellgreen - right ?
Stock would rise.
756m meter with 45 degrees would keep it on the south side.
But a 756m drill passing through the mountain achieves what ?
- proves mineralization is all throughout mountain to other side.
- superb intel for a major
Does Johnsons hole pass through the mountain ?
In this 2015 PEA image it does.
Which endorses all the more....backside of wellgreen
is mineralized.
Gotta love the first engineering firm.
Their block modelling was like a hint to investors.
They're telling us to pit model this...but eng firms small image said,
don't forget to look at this too - kudos to JDS.
As for Johnson - ran the project like a well oiled machine.
Read the wellgreen beautifully.
Great drill campains.
Too bad he's not still part of the project.
I'm sure he would've drilled several more big intercepts.
Maybe he was doing too good showing what the wellgreen really had.
lol
Whether the 756m
is in FE going down plunge into quill
or... in main east zone.
Either zone keeps...
the big 756m intercept in the main area of the -
UG Mine. If 2012 drilled across Central zone...
would be great to see a blocking model at depth.
So how does one lose or X out 86% inferred ? - void mine out ?
- don't block more pit models going deeper ?
- Dismiss GT and run with XPS ?
- practical entitlement ?
Post is speculative in nature.
Not investment advice.
I maybe wrong but then again, gotten a few topics right.
Premise... to bring light to a few topics that should be discussed.
Lots of work researching this junior.
Too bad it was not assembled all on their website.
Cheers...