Post by
Wangotango67 on Jan 01, 2024 7:38pm
15 - TONNE SOLUTION x 1000 LOTS
437 million tonnes ( yes, i would prefer the 846 million inf tonnes ) lol
14% iron ( stats from silicates ) magnetite
16 - 20% magnesium
0.50 /g ( plat ) includes exotics
0.50/g ( palladium ) includes exotics
Mine + Processing Costs
$2 per tonne mining
$20 per tonne processing ( i've increaded cost from $17/t )
= $22/t
x 15 raw tonnes
= $330/ mine + process 15 raw tonnes
Let's now rework
the minerals to achieve a better format.
Magnetite commans more $$$ - $250 / t
Hematite commands - $137 / t
Mine plant modelled to convert all hematite to magnetite ( roasting )
Magnesium oxide - $350/t
Plat = $1000 / oz
Palladium - $1200 / oz
= $1100 / oz combined average x 80% impurities
= $880 / oz payable ( pl + pd )
EVERY 15 TONNES ( IRON )
Magnetite pulled Hematite converted to Magnetite
14% iron divided into 2 allocations
1- 7% ( 154 lbs ) - ( 10% loss ) = 138.6 / lbs
stand alone magnetite tonne
138.6 x 15 = 2079 lbs
iron / magnetite is sold in ton ( 2000 )
60 % magnetite con ores = $250/ ton
every 15 raw tonnes might produce
2 magnetite cons ( throw in, leached out silicate ) void of, nickel / Cu, plats
$ 500 ( 2 magnetite cons from 15 raw tonnes )
Magnetite bulk concentrate ( closed circuit less loss )
2- 7% ( 154 lbs ) - ( 10% loss ) = 138.6 / lbs
= 2079 lbs
+ 13.2 lbs - 15 raw tonnes x ( 0.60 % nickel ) Ni silicate Ni sulphide ( comb )
+ 6.6 lbs 15 raw tonnes x 0.2 Cu ( former stats 0.30% Cu )
+ 88 lbs magnesium 4%
+ 20 lbs ( mixed, cobalt, chromium, vanadium, titanium, aluminum etc... )
= 1 tonne bulk con ( premium with $250/ worth of magnetite )
= $300 / bulk value
PLAT GROUP ( pl. pd, gold, exotics combined )
15 raw tonnes x 0.50/g Pl
15 raw tonnes x 0.50/g Pd
= 15 / g
x 20% loss
= 12 / g
x less 20% unrefined
= 9.6 g payable - $1100/oz ( avg / pl, pd, au, )
= $35.3 per gram
x 9.6/ g
= $ 338.88 usd
sell plats to fuel cell company, use stats to off set miners carbon
MAGNESIUM
every 15 raw tonnes
= 2 tonnes ( roughly ) magnesium oxide ( factoring loss and 4% in bulk con )
$350 x 2 tonnes MgO
= $700
SUM
$338 nobles
$500 magnetite
$300 bulk con
$700 magnesium
= $1,838 usd every 15 raw tonnes
- $330 / 15 tonnes mined + processed cost
= $1,508 usd every 15 raw tonnes
15,000 raw / t day ( 15 raw tonne lots x 1000 )
1,000 group lots
x $ 1,508 usd
= $ 1,508,000 million usd / day - processed 15,000 tonnes
x 350 days ( 5,250,000 / t year ) ( 437/ m t ~ 5.25/ m t yr) 83 yr mine life
= 527,800,000 / million usd yr ( $ 43,807400,000 billion ) life of mine
How can this be ?
Simple.
Pull the nobles = you create a premium ( promised all along / never followed through )
Create a separate magnetite credit = wellgreen has 14% iron vs peers 6.5%
Remaining hematite convert to magnetite - onsite roast - infuses more $$$ in bulk con
Include the magnesium as a mineral credit ( aluminum industry / aviation / rocket fuel )
Smaller operation
Less costs
Longer mine life ( assists in building out Yukon dev )
Better payables
Proof ?
Let's pull forward pl, pd
7 million oz ( rough figure combined )
1 tonne processed = 1/g pl, pd combined
15 tonnes = 15/g
15 ( 1000 group lots ) 15000 tonnes
= 15,000 grams ( pl, pd )
~ 31.1 ( equals 1/oz )
= 482.31
x 350 / days yr
= 168,808.5 oz yr ( no rec loss factored )
x 83 yrs
= 14,011,105.5 million ounces
What's our plats recovery ?
Running bout 50% combined ( Pt 47% + Pd 54% ) 2023
= 7 million pl, pt ounces ( there it is )
Cheers....
All how you assign + manage the mineral credits.
$500 m each year ( including mine + processing ) no shipping