COBALT SULPHATE HEPTA -Shanghai Metals Market
= VAT excluded · 3,241.42. USD/mt.
https://www.metal.com/Cobalt/201102250381
NOV 09 2017
Processing of ores in the proposed NICO mill and concentrator will be by simple flotation to produce a bulk concentrate containing the recoverable metals. The concentrate will be filtered, bagged and trucked to the rail head at Hay River for delivery by train to the Company's planned refinery straddling the Canadian National Railway near Saskatoon. The refinery will recover metals from the concentrate using a combination of secondary flotation, followed by pressure and atmospheric acid leaching, electro-winning and precipitation of value-add metals and chemicals. Should the proposed 20 to 30% increase in production rate prove feasible, cobalt production would target 1,700 to 2,000 t of units per year in a cobalt sulphate heptahydrate.
https://www.fortuneminerals.com/news/press-releases/press-release-details/2017/Fortune-examines-higher-production-rate-in-NICO-feasibility/default.aspx
FT Resources
https://s1.q4cdn.com/337451660/files/doc_downloads/140416%20-%20NICO%20Reserves%20Table.pdf
Mine it in NWT
Transport ore to Alberta
Make Concentrate
No metal melt value
only concentrate which greatly reduces potential profits -
AI says
FT dropped $6 million on Alberta lands.
Geolith - makes a good point -
lessor $$$ being directed to NWT
Anyways....
I thought i'd point out another option that might be more easy.
Arctos anthracite is at surface and a whole bunch more tonnage.
200 million tonnes ------> conversion to Methanol
could actually expand the resouce all the more.
Methanol
commands far more $$$ than petro.
Cheers....