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Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the southwest of Canada's Yukon Territory, approximately 317 kilometers (km) northwest (NW) of the capital, Whitehorse. The Nickel Shaw Project is a large undeveloped nickel sulphide project, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw Project has access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company also maintains environmental baseline activities, considers optimization alternatives and seeks other opportunities.


TSX:NCP - Post by User

Post by Wangotango67on Nov 29, 2023 11:34am
113 Views
Post# 35758685

PEER COMPARISON -

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 -

----------------------------------------------------------------------------

#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.

 

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