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