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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 Feb 07, 2024 12:44pm
93 Views
Post# 35867793

SUMMERIZED -

SUMMERIZED - 2015 = 90% Gabbs + Sulphides only 10% peridotite )
2015 - PEA  with 329 million tonnage should stick

2015 vs 2023 Spot prices ( present spot better )
Palladium - $750/oz  way lower than 2024
Platinum - $1,032 close to 2024 prices
Nickel - $11,831/t way lower than 2024

2015 bulk con = higher recoveries = because of sulphide


2015 bulk con = more payable metals = because bulk con + sulphide recovry

After-Tax NPV7.5% of CAD$1.2 Billion and IRR of 24.6%

https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2015/Wellgreen-Platinum-Announces-Positive-Preliminary-Economic-Assessment-Update-on-its-Wellgreen-PGM-Nickel-Project/default.aspx


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

Phase 2 MET
Only 1/2 the hole was used
= high odds ( silicates / upper )

March 1, 2017
The Massive Sulphides and Gabbro constituting a smaller volume of material than the Clinopyroxenite may be tested during any subsequent metallurgical testing.

- Maybe tested.
- All the more support pointing to upper hole silicate intercept cores
  sent for phase 2 MET



Sept. 7, 2017
Figure 1  Illustration Drill Plan Map With Deposit Overlay (CNW Group/Wellgreen Platinum Ltd.)
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2017/Wellgreen-Platinum-Provides-2017-Drill-Program-Update/default.aspx


As one can see, phase 2 met drill cores are more central
- upper silcates sent
- lower kept by junior


2023 rolls round - PFS
metals payable is eq to approx 25% recovery
how can this be when 2015 recoveries in bulk con were very high %

https://live.staticflickr.com/65535/53255723282_357390e13d_c.jpg



Plausable Answer ?
Eng firm applied a 25% metal recovery as if,
entire resource was all silicate = 437 M tonne resource.

yet 329 million tonnes = 90% sulphides + Gabbs

Eng firm should've kept 329 million tonnes separate

2015 sulphide resource ( was already met tested )
Sulphide ore are at deeper depth - lower hole

Phase 2
drill core samples for met upper holes most likely sent

My hunch ?
upper silicates represent 70%+ of ore body
suppose silicate tonnage were 1/2 or 50% of sulphides

329 million t ( 2015 ) lower sulphides

329 million t upper silicates
x 25% metals recovery ( 2023 )
= 82,250,000 t upper silicates( or 25% recoverable )
+ 329,000,000 t lower sulphides
= 411,250,000 t ( close to 2023 pfs tonnage )


Could a computer program apllied 25% silicate recovery to the
329 M tonne sulphides of 2015 ?

What if ? ( second theory )
2015 - 329 M tonne sulphides were kept separate
And what if...
437 million t 2023 pfs was all the upper silicates ?
x 25% recovery
= 25% metal payables

Answer might be found by
analyzing total tonnage - 1.5+ billion tonnesi


What i am confident with,
329 M tonne 90% sulphide - $1.2 billion NVP
if pgm's pulled from magnetite - $5+ billion more
Other metal credits + exotics


If i had to redo pfs ?
I'd keep 2015 ( 90% sulphidev+ 10% peri ) tonnage separate
I'd tack on 74 additional holes ( lower sulphides ) to 329 M tonnes
I'd measure all silicate tonnage  and aplly 25% recovery to just silicates
= then combine both for a total


Then,
ind a diff extraction for the silicates similar to fpx's 90% recovery








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