CrIronwood, What i'm pointing out is, significant chromite still in extraction.
Cr grade = 0.63%
Cr recovery = 28%
Fe HG = 6.44% x 53% recovery
Fe recovery = 3.41% per tonne
( source bfs ) Iron ore concentrate:
55% iron, 0.3% nickel,
2.6% chromium Link
https://www.newswire.ca/news-releases/canada-nickel-announces-positive-bankable-feasibility-study-for-its-crawford-nickel-sulphide-project-845691383.html 55% Fe con divided by 3.41 Fe recovery
= 16 tonnes ( every 16 tonnes processed = 55% iron capture )
Every 16 tonnes processed
Cr 0.63% x 28% recovery
= 0.1764% Cr capture
x 16 tonnes
= 2.82% If Cr grades are 0.63% LOM
and if only 28% is recoverable
= 0.45% Cr is elsewhere
Where could the 0.45% Cr be ? Bonded to Iron or Magnesium
What's at stake ? potential 3rd concentrate
45% lost Fe from 6.44% Fe headgrade
0.45% Cr most likely with in Fe, Mg
Perspective ? 1,750,000,000 billion tonnes ore mined ( bfs source )
x 0.45% Cr
= 7,650,000 million tonnes Cr
x $9,500 usd
= $72,675,000,000 billion usd Chromite Beneficiation Process
separating
chromite from, Fe, Mg
= jigging process
https://www.frjigmachine.com/Related_Product/Chromite_Beneficiation_Process.html Now... i'm not the type to write fud posts. I'll chalk it up as.... few bullboards have an acute condition of follow the leader.
Mikey... who didn't take the time to think before replying to my post.
Did i have to point this out ? No
Should i have ? Given the amount of resistence ( those ) not understanding the positives or
potential benefits if.... Cr was chased further = to produce a 3rd concentrate.
Thankfully there are those like Ironwood who have the descency to at least ask
wanting to know more. ( far few, between ). Thank you, Ironwood.
Not investment advice.
Just pointing out how i see the project.
Cheers....