MAKE SENSE ?For those who missed this in my first post -
Here's my own impression of questions asked in - VRIC video
Better Clairity. Let's first back track - Spring 2023 Video Pre PFS Stew promised Rhodium going forward.
PFS wasn't out yet.
Yukon Video ( with other Yukon junior panel )
In another Video Pre PFS sounded like they were confident with extraction and ready
to take the project to, PFS
https://www.youtube.com/watch?v=FN0Ic8qcysA PFS comes out, company KNEW the numbers prior to release
They knew the NVP was not as robust
What was said under -
value enhancement Reads as - they knew they need to improve recoveries. NCP's 2023 PFS - VALUE ENHANCEMENT - Additional metallurgical testwork to improve overall recoveries of all payable metals where a 1% recovery improvement represents approximately an after-tax $111 M improvement to the NPV at a 5% discount rate; and
https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its VRIC video reveals.... Comfortable with present extraction results ?
Company wants to proceed with FS ( but not this year ) ?
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CNC BANKABLE REPORT ? They DON'T mention full tonnage of Nickel
They mention 1.6 million nickel tonnes production
Concentrate is not seen in this wording
They mention 41% recovery
= No deduction is made to show difference ( keeps project looking great )
CNC's same Bankable Report
Includes Canada's Critical Minerals Investment Tax Credit Web Search
On December 15, 2022, Bill C-32, providing for a federal new
non-refundable “30% Critical Mineral Exploration Tax Credit” Does CNC's Bankable factor
45% new mine tax in, Timmins ? Hard to say... Not sure.
I'm not seeing 45% mine tax in the press.
https://ceo.ca/@newswire/canada-nickel-announces-positive-bankable-feasibility WELLGREEN ? Payable metals along with 6 concentrates is a - maze.
Not sure which concentrate was chosen, or all 6 ?
What was the price fetched per con( s ) ?
Was Mg under threshhold like former report of only 5.6% ?
Wellgreen's PFS did not factor
- 30% - Canada's Critical Minerals Investment Tax Credit
- Nor.... CO2 credit.
= compromise the economics.
Gov't asked juniors to work on CO2 capture how longggg ?
And... can't place forcast profits in PFS while Gov't also offers 30% rebate
which also can't be configured in economics ...?
Yet...CNC could factor 30% rebate ?
No mention about Mg converted to MgCO3 and who owns it.
https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its Not fair play.
Do your own DD.
My thoughts ?
Entire energy metals market - pure chaos.