Most Nickel junior studies speak about how much carbon capture profit
but rarely talk about the time constraint required to match the processing
of 120,000 tonnes per day versus added equipment cost to pull it off versus
amount of co2 seq.. ( dependent on Mg grade )
Peer Example 1 ton of co2 per 11 tons processed.
At an estimated $25/ton for carbon capture Is it worth the hassle ? More like... it impedes the mine operation.
Takes valued time away from advancing the project
waiting for 3rd party studies that still haven't quite figured it out.
All the while... global nickel miners have a hay day in, Indonesia.
Or... expecting distant cities well away from the mine operation
to buy the carbon credit inwhich to off set their carbon emissions.
Talk about going down the rabbit hole - pun.
SOLUTION ?
Portable CO2 Converters - captures onsite or ( atmospheric ) CO2
converts CO2 to usable Carbon. ( Graphite / Graphine ).
This is the best format i've come across - to date.
It just makes sense.
Not only deals with CO2 emissions but converts the CO2 gas
to a solid carbon usable product.
https://eitrawmaterials.eu/european-project-secures-eur-1-59-million-to-turn-co2-from-heavy-industry-emitters-into-graphite-a-critical-raw-material/
So why strain miners with the effort to seq CO2 in magnesium
when the cost to do so outweighs the profit to seq, not to mention
slows the mining process down.
Magnesium Metal Markets are still growing
$3,682 ton usd
Highly recommend reading
https://www.indexbox.io/search/magnesium-price-the-united-states/
WELLGREEN MINERAL CREDIT FLIP
Placing two strongest credits as lead credits
- Mg + Fe
Using a 14% Mg grade / metric tonne
= 308 lbs Mg
Mg is sold in Ton ( 2000 lbs )
6.5 raw tonnes mined = 2000 lbs Mg
Mg Metal ( electrolysis )
1500 tonnes mined per day
~ 6.5 / t @ 14% Mg ( 6.5 tonnes mined = 1 ton Mg metal )
= 230 Mg metal tonnes
x $3,682
= $846,860 usd
x 350 days
= $296,401,000 mil usd
IRON Magnetite ( Concentrate )
1500 tonnes mined per day
~ 9 / t @ 10% Fe ( 9 tonnes mined = 1 ton iron )
= 166 / metal tonnes
x $342 / ton ( full ton not 63% con ) 63% magnetite fetches $250 / ton
= $57,456 usd
x 350 days
= $20,109,600 mil usd
Using the Nitric acid mine model in previous post
Platinum groups + gold drop out unaffected by acid
1500 / t
x 1/2 gram ( pl, pt, au + 4 exotics )
750 g day
x 350 days
= 262,500 g
= 8,440 oz
x $1,000 avg
= 8,440,000 mil usd
Remaining cu, ni, co are processed via electrolysis
Nickel should at have 70%+ or more recovery ( electrolysis = high recovery rates )
1500 / tonnes x 0.26% Ni
= 39 / lbs x 70% rec
= 27.3 lbs
x 350 days
= 9,555 lbs
x $9 / lb
= $85,995 usd
Where's Wellgreen's bread and butter ?
Magnesium
Iron
Plats
What cancel's Wellgreen's profits ?
- CO2 ( seq )
- Iron in concentrates
USA
needs iron, magnesium,
it's as simple as securing ( forward contract ) steel industry
Low grade nickel juniors all have the same, obstacle.
cancel culture best payables.
iron, magnesium.
the carbon game.
Cheers....