Post by
Wangotango67 on Feb 28, 2023 2:46pm
SPOT NICKEL
$11.20 usd / lb
https://www.kitcometals.com/charts/nickel_historical_large.html
$11.20 usd x 1.36 cdn
= $15.23 cdn - lb
0.25% grade
= 5.5 lbs of nickel
x $15.23 cdn
= $83.76 / cdn - metal content value per tonne
#1 problem with market mentality is...
They think in terms of - concentrates.
Most all nickel miners frame their studies on - concentrates which allows a major to make the real profits form - further refining the nickel.
WHAT WOULD I DO ?
1 - pull a few cores and do a quick second take using - plain peroxide
hoping for additional nickel to digest and pair as an oxide. ( avoid sodium peroxide )
CNC used plain peroxide while EVNI used sodium peroxide.
2 - scrap bioleach - it's sometimes a turn off to investors
always the chance of odd ball organisms entering the ecology - something that Timmins
with al ltheir lakes would dread.
3 - replace the leach extraction with say - h2o2 - pure and simple.
4 - model a mine plan using quick condense concentrates
with a flowsheet spin.
5 - what's the spin ?
throw in - electrolysis - using several banks allowing for an end product of - nickel plates
400 ore tonnes = 1 tonne of nickel ( $33,506 / cdn / tonne )
Plant operations capable of,
4,000 tonnes per day
= 10 tonnes of nickel plate
x $33,506 cdn
= $330,506 cdn
x 365 days
= $ 120,634,690 mil / cdn
This is how one diverts a major from scopping a junior on the cheap and taking the jr's profits.
The junior formulates their own mine model with - finished product
Best way to take a low grade deposit to next level converting low grade to prfits.
Throw in 8,000 tonne mine model per day...
Figures double.
Attracting investors with the right " formula " will place preasure on any, interested majors.
It's what i would do.
Correction,
due ot the ever changing nickel prices...
0.25% nickel is comparable to a 1/g tonne gold deposit.
Still, impressive nickel deposit.
Junior just has to shuffle things up with the right mine model without a concentrate mindset.
Replace with - end product.
Solved.
Cheers....