PEER COMPARISON - Was just sifting CNC's bankable FS study.
Page 16
Nearly - 2.7 - million tonnes ( nickel ) is derived from,
0.17% - 0.21% Nickel ore grades - from - 1.379 billion ore tonnes
Page 27
41% - nickel recoveries - LOM
https://canadanickel.com/wp-content/uploads/2023/10/CNC-Investor-Deck-October-2023_VFinal.pdf
CNC's - Bankable FS - Press
Proven & Probable reserves of 3.8 million tonnes contained nickel
from 1.7 billion tonnes ore grading 0.22% nickel
Annual average nickel production of 83 million pounds (38k tonnes)
over a 41-year life,
https://ceo.ca/@newswire/canada-nickel-announces-positive-bankable-feasibility
Let's crunch some CNC numbers -
83 million pounds / annum
x 41 yrs
= 3,403,000,000 ( less than, cnc's press figures )
Did you catch it ?
Besides the 400 million tonnes ( off )
Let's now factor 41% recovery
I don't think they factored the... 41% recovery ?
3,403,000,000 M nickel tonnes
x 41% recovery ( crawford... not texmont )
= 1,395,230,000 M nickel tonnes
Wellgreen
- no iron credit
- plats not fully pulled from magnetite
- no exotics
- titanium + chromium ( 2012 reveal )
- 2023 block model included % recovery
- cut off bumped up, lower grade axed ???
- upper / lower hole + geological name changes + boundary changes
- metal payables in 2023 pfs seem - off -
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#12 + #13 post correction
should read - 2030 - ( not 2023 )
Cheers...
This post is for comparison sake.
How various eng firms - economics can differ - make / break project.