Post by
Wangotango67 on Nov 24, 2023 11:54pm
POUND to POUND COMPARISON
Press Release Metal Payables ( compare with my figures below )
NICKEL
437,000,000 million tonnes
0.26% Ni
= 2,499,640,000, billion lbs Nickel
x 46.9% recovery
= 1,172,331,160 B lbs
- 614.3 M lbs ( press figures )
= 558,031,160 M lbs ( missing )
COPPER
437,000,000 million tonnes
x 0.13%
= 1,249,870,000 lbs
x 54.5% recovery
= 681,151,900 lbs
- 281,500,000 lbs ( press figures )
= 399,651,900 M lbs ( missing )
COBALT
437,000,000
x 0.014 %
= 61180 t
x 2200
= 134,596,000 M lbs
x 57% recovery
= 76,719,720 M lbs
- 21,500,000 M lbs ( press payable )
= 55,219,720 M lbs ( missing )
GOLD
437,000,000 M tonnes
x 0.04/g
= 174,800,000 g
~ 31.1 ( oz )
= 562,057 oz
x 74.4% recovery
= 418,171 oz
- 174,000 oz ( press payable )
= 243,771 oz ( missing )
PLATINUM
437,000,000 M tonnes
x 0.22 / g
= 96,140,000 g
~ 31.1 ( oz )
= 3,091,318 M oz
x 47.8% recovery
= 1,477,650 oz
- 625,500 oz ( press payable )
= 851,150 oz ( missing )
PALLADIUM
437,000,000 M tonnes
x 0.23/g
= 100,510,000 g
~ 31.1 ( oz )
= 3,231,832 M oz
x 53.9% recovery
= 1,741,957 M oz
- 743,400 ( press payable )
= 998,557 oz ( missing )
BEST PART
What did the - pfs - press say ?
Additional metallurgical testwork to improve overall recoveries of all payable metals
where a 1% recovery improvement represents approximately an after-tax $111 M improvement to the NPV at a 5% discount rate
Platinum Example
743,400 oz ( press payable )
x 234%
= 1,739,556 oz
Perhaps i've found the major flaw with in the payable flaw
not to mention all the other flaws.
Cheers...
Highlighted green figures are what i feel
= accurate payable metals.