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Bullboard - Stock Discussion Forum Nickel Creek Platinum Corp NCPCF


Primary Symbol: T.NCP

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the... see more

TSX:NCP - Post Discussion

Nickel Creek Platinum Corp > IMAGE COMPARISONS
View:
Post by Wangotango67 on Nov 09, 2023 1:13pm

IMAGE COMPARISONS

WS 271 + 272 Drill Hole Placements
from juniors original map to compare with 2014 / 2015 Tech report.

Why discuss this ?
Compare 2023 pit depth with drill depths
If 2023 pit is using 10m benches = 120m depth from base camp elevation.
Teck map shows WS 271 - 676m depth ( one drill 3 intercepts )
If the 2023 pit is only 120m .... hello.

Press Map
https://live.staticflickr.com/65535/53320845588_6e26abc7b6_c.jpg
Tech Map ( with my added overlays )
https://live.staticflickr.com/65535/53320094545_401f8f0c97_c.jpg
2023 Pit Shell
https://live.staticflickr.com/65535/53319633841_0519ca5b77_z.jpg

------------------------------------------------------------------------------------------

I revised my own overlay lateral lines on the 2014 Pit Shell.
In plight of - comparing 2014's depth  to  2023 Pit Depth.
Shortening my yellow lateral lines and aligning them to ( fist contact of grid )
By doing so... yellow elevation lines are more intune with elevation + deposit.
Green dot, approximation of mine portal.
 

https://live.staticflickr.com/65535/53320641316_b7c4341448_c.jpg


---------------------------------------------------------------------------------------------------------------

In 2014 / 2015 the former junior modelled Wellgreen with
several multi pit phases.

I cleaned up my 4 pack collage ( speculation post )
It's actually a really good way to analyze each of these images
and compare with the 2023 pit model.

2014 frontal = 500m grid spacing
2014 north side = 200m gridding

I highlighted - first image - outlining the faint grey lines with black lines
showing the 3 phase pit models

Former junior wated to keep the underground mine.
Such explains the..... blank white space.

900m deep on front side
600m deep on back side.


Former junior,
Spoke about a 38 yr mine life.
Several pits. Showed each pit development.
Included all ore tonnage. ( sulphide + peridotite )
0.15% Ni cut off.
1.2 billion NPV  after tax
( no iron, titanium, chromium, magnesium or exotics )

Present junior,
One pit that looks like only half thickness of mountain.
No backside mined ( 2014 showed it would mine backside )
2023 pit appears shallow compared to, mineral body.
86% peridotites axed ( from 846 million tonnes )
One drill i came across had 0.15% Ni but.... 1 - 2% Pt Eq.
If one ever axed 0.15% Ni blocks....what if they too had decent platinum grades ?
No iron, exotics, titanium, chromium, magnesium
$143 million NVP


https://live.staticflickr.com/65535/53320612001_279a8340d2_c.jpg


2014 multi pit models....
Removes the entire mountain all the way to central.

If 2023 Pit model only carves front side of mountain.
Much of the mountain's backside remains.
Look at the 2023 pit model again.


Now look what's on the backside of mountain.
Look at the grades.
2014 block model above reveals 600m total height + depth.
And still open below.
Our 2023 pit model doesn't include this backside - right ?

https://live.staticflickr.com/65535/53285644612_222e640e5a_c.jpg


Cheers....


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