Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Mar 19, 2024 7:14am
99 Views
Post# 35939950

HOW IMPORTANT ARE THE DEEP HOLES ?

HOW IMPORTANT ARE THE DEEP HOLES ?

FAR EAST
Lots of ore below the 2023 ( 1125m pit depth )

I provided overlays ( how i envision the deposit )
If pit shell runs towards north west and scales to over 1760 m
Just how much ore can be mined if.... pit jumps over ug mine.
Inset image ( 2023 pit shell )

Good 350 m of ore below pit shell.
I'm glad the image included elevation measurements.

Bottom scale - 100m increments ( first image )
Good 800 m wide

First Image relays Pt Eq 2 - 4  grams in red - along drill intercept.



https://live.staticflickr.com/65535/53597469414_422dae41fa_z.jpg


CENTRAL ZONE
Step back more drills - even thicker intercepts - based on, image.
Very similar to, Far East.


https://s21.q4cdn.com/491660439/files/doc_news/2014-march-central-577650e-web.jpg


I decided to crunch a few numbers using a different mine model.

1.8% Ni  fetches $72 / Con  with 20% Fe
2023 cost to mine per tonne including transpot = $30 / t

$72 - $30 = $42 profit 

Since Nickel and iron are sold per 2000 lb ton.
I recalculated the 437 million tonnes
adjusts to 480 million tonnes

Using 54% Ni recovery
takes 13 tons to achieve 1.8% grade ( 26 lbs Ni )

36,976,923 million con tonnes ( 2000 lb ) can be created
x $42 profit per 1.8% nickel con
= $1.55 billion

13 tons of ore processed with 10% iron
= 2,860 lbs iron
- iron content in 1.8% nickel con ( 20% Fe ) 400 lbs
= 2460 iron pounds remaing
$125 profit ( 460 pounds over standard ton )
x 36,976,923 million ( 13 ton lots )
= $4,997,115,375 billion

7 million oz plats recover 50%    ( promised they would work on this 2016 )
3.5 million oz
x $1000
= $3.5 billion


Capture these 3 groups of minerals
= $10 billion ( far better than current pfs )

sell the remaing minerals to
another cdn junior ( jv ) who pulls / works the remaining, cu, mg, co, cr, ti

quite attractive
ores already out of ground could be a great business for another, right ?



Cheers...



 

<< Previous
Bullboard Posts
Next >>