HEY GUYS... Heywood - Love your optimism.
Yes, i do like to research the project i'm invested in.
Maximize shareholder value.
Arduous - you get it. ( ole wise one )
good find.
it's exactly what i ask myself " why are the lower mafics not measured ?
The Wellgreen deposit always measured upper / lower
Bore holes are the ( bullseye )
So is.... 2013 reassaying of, boreholes
It's the core tonnage of deposit ( 2011 - 2015 )
With higher grade tonnage measured separate
Wellgreen should've kept sulphides / Clino / Gabbs with own measurement
Peridotite and Dunite with own tonnage measurement
Two extractions
#1 Johnson's drill hole
Johnson's hole tells the real story at depth ( massive clinopyroxine ) orange
Grades in clinopyroxine are just as good as gabbs.
https://live.staticflickr.com/65535/53520608537_e27368a5f4_c.jpg
#2 - 2017 -
axe 86% resource using several ( odd ) excuses ( johnson + bores proves there is )
not enough ore to contain former mineral tonnage ? ( again johnson's hole + bore holes )
spot prices ( ???? lol )
boundary changes ( hmmm )
extraction ( can't handle metallics in crystaline ) they should've did same as, Fpx, Giga
recharacterize ore ??? that would certainly affect deposit.
#3 - 2023 PFS
image shows majority peridotite.
no sulphides
no gabbs
pinch of clinopyroxine ( nowhere near the volume of johnson's image
What would happen if,
one partitioned sulphides / gabbs / and only measures a pinch of clinopyroxine ?
= you're left with peridotite / dunite
= wrong extraction
= course grind less minerals liberated
= poor recoveries
= poor pfs payables
Would it look like the 2023 pit ?
Showing all peridotite pinch of, clino ?
lol
Look..... the entire geology with in pit shell and ALL BELOW suddenly
converts to just peridotire....lol
And there's the kink.
Left side image.
2023 pitshells
All converted to peridotite ( poof ) sulphides, gabbs, clino all gone.
Even the drills are allergic to penetrate the ( grey ) underground mine.
Compare with john link above.
Even 2023 pfs ( drill hole logs ) the total meters were not tallied.
lol
No plats pulled from magnetite yet mention they would.
No exotics ?
Junior + Stakeholders + Gov't + Indigenous
---------------------------------------------------
sm shareholders
That's how i read the wellgreen story.
The extent to which by 2030 governments might intervene to regulate markets and decide upon the use of resources is highly uncertain. At a global level, it is unclear whether the free market paradigm or the controlled-market paradigm will prevail
https://www.mckinsey.com/~/media/mckinsey/dotcom/client_service/metals%20and%20mining/pdfs/mining_metals_scenarios.ashx
How is it... most of wellgreen's assaying only saw partial digest vs peers full digest
Would it affect solid solution nickel and plat group ?
Yup.
Soak ore in acid partial timeframe
Remaining solids goes off to fire assay in lead cupplets
Plat group / pgm values only derived by fire assay lol
our solid solution nickel had everything thrown at it
10% deducted from staff exec call pre extraction tests
course grind adds the final blow
Plat solid solution in wellgreen ?
you betchya it does
The following are important characteristics of the PGM in the Wellgreen deposit: the,,cry small gain-size of most of the PGM, unusually broad ranges of compositions of the Pd-(Pt)-Ni-rich antimono- and bismuthotellurides, a significant extent of Ni incorporation in the Pd-(Pt) antimono- and bismuthotellurides, and the presence of an uncommon and complex solid-solution involving sudburyite, kotulskite, sobolevskite and Me(Te,Sb,Bi)(1+chi).
https://www.researchgate.net/publication/250273497_Platinum-group_minerals_from_the_Wellgreen_Ni-Cu-PGE_deposit_Yukon_Canada
sudburyite, kotulskite, sobolevskite
= plat group
so....partial acid digest = would capture solid solution nickel + plats
even solubilize some metallics
which is why i'm adamant - wanting to see wellgreen properly measured.
if ever..
would shareholders recieve a respectful buyout with present share price ?
Or... is it better to correct the present using proof from the past ?
Personally,
i don't like anything from late 2015 forward - even recent pp at discount.
Our current trajectory ?
dodge, delay, avoid mending wellgreen rack up more shares till dilution
destroys sm shareholder value.
Hence separate sm shareholders from 2015 forward new racked up shares.
Those shares took value away on several fronts.