Post by
Wangotango67 on Nov 25, 2023 9:05pm
2015 vs 2023 ( STOCKPILES )
16 yr mine life sulphides
9 yr mine life stockpiled tailongs ( silicates / magnetite )
= 25 total mine life yrs
15 more yrs ( underground mining
31 more yrs, if stage 5 ( larger pit )
Tailings ( stockpiles )
1- no iron credit
2- pgm's in tails
pgm's not fully extracted upto 30% still in magnetite tails
ISSUE ?
again, no iron credit = leaves opportunity to create
iron / pgm con ( not in economics )
cheats investor
Opportunity for increased total recovery of PGMs through secondary processing of the flotation tails using methods such as hydrometallurgy or direct leaching. Up to 30% of the total PGMs are believed to be contained in the magnetic flotation and cleaner tails in the 2015 PEA and preliminary testing of secondary processing methods by SGS Lakefield on concentrate tails from metallurgical testing suggests potential PGM recoveries of over 90%.
2015
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2015/Wellgreen-Platinum-Announces-Positive-Preliminary-Economic-Assessment-Update-on-its-Wellgreen-PGM-Nickel-Project/default.aspx
DIFFERENCE ?
Concentrate Tails
Stockpiled Tails
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From an Investor Stance ?
When i see a MET test delivering an approx
50% ( concentrate ) + 50% tails ( stockpiles )
= opportunity to leave out 50% of resource
HOW I SEE IT ?
2 concentrates ( perfect split ) one for your economics and....?
1st batch is processed - accounted in economics like 2015
2nd is called tails / stockpiled not accounted in economics.
Such tailings should be called 2nd batch ores
To be processed after, or in separate processing circuit.
Included in, economics.
2023 press excerpt ?
The tailings would be stored in a tailings storage facility adjacent to the concentrator.
Real handy, right next to concentrator - anymore obvious ?
2023 PFS Report -
Storage buildings - must be really special tailings - lol
2nd batch ores should be included in the economics.
If not, it cheats shareholders.
2015, at least they acknowledged the 9 yr processing of,
stockpiled tails.
NIFTY 50 - 50% con + 50% Tail
One for me
One for you
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Aren't those interesting numbers in my former post ?
x = 46.9% recovery = 614.3 M lbs
y = 46.9% recovery = 1,172,331,160 lbs
x = was assigned a value to arrive at = every 1% better recovery = $111 million
Therefore -
y = 1,172,331,160 lbs = different assigned value = higher economic outcome
= many more ( con tonnes ) created.
= waste reduced ( portion ships with con )
= more profit
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 )
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2023 PRESS - LINK
https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its
Cheers....