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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 Jan 01, 2024 7:38pm
156 Views
Post# 35806396

15 - TONNE SOLUTION x 1000 LOTS

15 - TONNE SOLUTION x 1000 LOTS437 million tonnes   ( yes, i would prefer the 846 million inf tonnes ) lol
14% iron ( stats from silicates ) magnetite
16 - 20% magnesium
0.50 /g ( plat ) includes exotics
0.50/g ( palladium ) includes exotics

Mine + Processing Costs
$2 per tonne mining
$20 per tonne processing ( i've increaded cost from $17/t )
= $22/t
x 15 raw tonnes
= $330/ mine + process 15 raw tonnes

Let's now rework
the minerals to achieve a better format.

Magnetite commans more $$$ - $250 / t
Hematite commands - $137 / t
Mine plant modelled to convert all hematite to magnetite ( roasting )
Magnesium oxide -  $350/t
Plat = $1000 / oz
Palladium - $1200 / oz
= $1100 / oz combined average x 80% impurities
= $880 / oz payable ( pl + pd )

EVERY 15 TONNES  ( IRON )
Magnetite pulled Hematite converted to Magnetite
14% iron divided into 2 allocations
1- 7% ( 154 lbs ) - ( 10% loss ) =  138.6 / lbs
    stand alone magnetite tonne
     138.6 x 15 = 2079 lbs
     iron / magnetite is sold in ton ( 2000 )
60 % magnetite con ores = $250/ ton
every 15 raw tonnes might produce
2 magnetite cons ( throw in, leached out silicate ) void of, nickel / Cu, plats
$ 500 ( 2 magnetite cons from 15 raw tonnes )

Magnetite bulk concentrate ( closed circuit less loss )
2- 7% ( 154 lbs ) - ( 10% loss ) =  138.6 / lbs
= 2079  lbs
+  13.2  lbs - 15 raw tonnes x  ( 0.60 % nickel ) Ni silicate Ni sulphide ( comb )
+    6.6  lbs 15 raw tonnes x 0.2 Cu ( former stats 0.30% Cu )
+     88 lbs magnesium 4%
+     20  lbs ( mixed, cobalt, chromium, vanadium, titanium, aluminum etc... )
= 1 tonne bulk con ( premium with $250/ worth of magnetite )
= $300 / bulk value

PLAT GROUP ( pl. pd, gold, exotics combined )
15 raw tonnes x 0.50/g Pl
15 raw tonnes x 0.50/g Pd
= 15 / g
x 20% loss
= 12 / g
x less 20% unrefined
= 9.6 g payable  - $1100/oz ( avg / pl, pd, au, )
= $35.3 per gram
x 9.6/ g
= $ 338.88 usd
sell plats to fuel cell company, use stats to off set miners carbon

MAGNESIUM
every 15 raw tonnes
= 2 tonnes ( roughly ) magnesium oxide ( factoring loss and 4% in bulk con )
$350 x 2 tonnes MgO
= $700


SUM
$338 nobles
$500 magnetite
$300 bulk con
$700 magnesium
= $1,838 usd every 15 raw tonnes
-       $330 / 15 tonnes mined + processed cost
= $1,508  usd  every 15 raw tonnes

15,000 raw / t day ( 15 raw tonne lots x 1000  )

  1,000 group lots
x $ 1,508  usd
= $ 1,508,000  million usd / day - processed 15,000 tonnes
x    350 days ( 5,250,000 / t  year )  ( 437/ m t ~ 5.25/ m t  yr) 83 yr mine life
= 527,800,000 / million  usd  yr    (  $ 43,807400,000 billion )  life of mine


How can this be ?
Simple.

Pull the nobles = you create a premium ( promised all along / never followed through )
Create a separate magnetite credit = wellgreen has 14% iron vs peers 6.5%
Remaining hematite convert to magnetite - onsite roast - infuses more $$$ in bulk con
Include the magnesium as a mineral credit ( aluminum industry / aviation / rocket fuel )

Smaller operation
Less costs
Longer mine life ( assists in building out Yukon dev )
Better payables

Proof ?
Let's pull forward pl, pd
7 million oz ( rough figure combined )


1 tonne processed = 1/g pl, pd combined
15 tonnes = 15/g
15 ( 1000 group lots ) 15000 tonnes
= 15,000 grams ( pl, pd )
~ 31.1  ( equals 1/oz )
= 482.31
x 350 / days yr
= 168,808.5  oz  yr ( no rec loss factored )
x 83 yrs
= 14,011,105.5  million ounces

What's our plats recovery ?
Running bout 50% combined  ( Pt 47%  +  Pd 54% ) 2023
= 7 million pl, pt ounces ( there it is )



Cheers....


All how you assign + manage the mineral credits.
$500 m each year ( including mine + processing ) no shipping



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