14% IRON - 6 CONCENTRATES 2023 PFS
provides 6 concentrates.
Question really is - are these concentrate scenerios
or... pfs factoring - 6 concentrates ?
Are 6 concentrates sustainable ?
Using 14% Iron ( former assay report - peridotites ) *other reports tad lessor Fe %
2200 raw tonnes x 14% Fe
= 308 lbs Fe
7.14 raw tonnes = 1 tonne Fe
Concentrates require a min iron % value
Let's use 46% Fe applied to iron in a concentrate
Bulk Con - closed circuit ( no loss )
7.14 / raw tonnes x 0.26% Ni
= 1.85% Ni + 46% Fe
= 1 concentrate
There's sill another 54% iron left over from 1 tonne
Close to the 64% magnetite con = $250 / tonne
Therefore - a sustainable porportionate of raw ore
could afford 2 concentrates / 2 scenerios
Scenerio # 1
Divide the 1.85 % Ni into 2
Ex - $ 45 / NiFe Con
0.925% Ni + 46% Fe
+
0.92.5% Ni + 46% Fe
= $ 90 / 2 cons
Scenerio # 2
Ex - $ 45 / NiFe Con
Ex -$ 250 / Fe Magnetite
= $ 295 / 2 cons
To support 6 separate concentrates
There would not be enough - iron.
One would have to entreat buyer with another subsitute for iron -
- silicates ( lol )
- magnesium
Which would shine light on WASTE ORE cost factors in pfs,
= waste ore costs are near same as regular mineralized ores ( processing )
Based on 14 % Fe
My figures show only 2 concentrates could be supported
- 2 Ni cons
1 Ni con + Iron magnetite stand alone
6 concentrates would require a substitute / for Iron
Running 2 nickel concentrates ( bulk ) example only
would provide minimal payables
Running 1 bulk con + 1 iron stand alone
= maximizes profits
CRUNCHING NUMBERS
437,000,000 million tonnes ~ 7.14 tonnes
= 61,204,481 x 2 con tonnes baked into 7.14 raw tonnes
61,204,481 ( 2 simple cons ) Scenerio # 1
x $ 90
= $ 5,508,403,290 billion
61,204,481 ( 2 cons Ni/Fe + Fe ) Scenerio # 2
x 295
= $18,055,321,895 billion
SUM ?
6 concentrates would require other mineral to make up for lack of - iron
Magnesium
Silicates
Versus Scenerio 1 + Scenerio 2
If Scenero 2
tack on magnesium credit $$$$
I kept to a simple format Ni con applied to bulk concentrate.
Versus actual bulk con would have - plats, exotics, copper, cobalt, and other minerals...
Not investment advice
Simply trying to figure out the 2023 PFS
Cheers...