I've always wondered why... - 2014 crew was replaced
- partial digest assays
- why practical entitlement ?
- why several concentrates ?
- why no iron credit like other peers
- exotics never factored in pea's + fs studies
- hudbay drills / chevron, / coronation and 2010 weren't good enough ( lol )
- hudbay grades were too rich
-
why are there 100 million tonnes off in pfs ? - solution nickel never factored like other nickel peers
- why fpx has japan contract vs wellgreen via hudbay once had
- several deep drills missing in reports***
- why so many zone and boundary changes ? - why 10% resource was deducted after 74 new holes ?
- why 86% inferred erased using cutoffs + spot prices...lol
Seems wellgreen has had everything thrown at it.
Even a 0.015 cent massive dilution raise
Imagine any gold miner out there.... telling their investors we erased 86% of our resourse because gold
prices went down and it now costs more to mine ? lol
Keep in mind - 846 million tonne inferred resource was 43 101 accepted.
https://live.staticflickr.com/65535/53517793087_ccc663d7b4_b.jpg What if...? Hudbay, Coronation, Galactic and Chevron are still in the mix ? Formed #'d company ?
I decided to review 2012 pit shell Couldn't help but notice the image by engineer showed the Noth side.
What was so unusual ? The 2012 pit shell appears (
ENTIRELY ) on the north side.
Backdrop mountain ( green grade ) can't be across main road there's a creek there !
They didn't drill across the road to amass all the green grade zone right ?
Therefore....it must be the main wellgreen mountain, right ?
If it is...? It would mean 2012 resource is
all Northern. Hudbay, Chevron, Galactic and perhaps Coronation.
2012 began with, 14 million tonnes and
329 million tonnes inferred boundary changes anyone ? lol
I've added a few key pinpoints where i think they're located,
road, mine trail road, mine portal access
Keep in mind, the ug mine runs along ( inside ) the main mountain, runs far deeper in depth of pit.
So let's ask the questions, why not open pit the ug mine why is it saved ?
why are there 100 million tonnes off in pfs ? for shh and giggles i did a quick ug mine number crunch
950 m L x 200m W x 200m D x 2.7 ore weight
= 102,600,000 million tonnes coincidence ? I'm thinking ? 2012 pit shell above = northerly + former original owners with dibs on ug mine
and dibs on exotics ? Am i right ?
And our blue 2023 pit shelll appears all southerly ?
Right side lower hump = mine portal, correct ?
If true...this pit is all southerly. 
This image of ug mine ( below ) look how far north the mine appears.
Compare with 2023 pit above - 2023 pit really does appear only on south side, right ?
So how did 2014 resource grow so quickly ? M + I grew with new drilling and, reassing historical drill holes
40,000 meters ( new and old )
The results of the drilling programs in 2012 and 2013 have dramatically expanded the previous 2012 Wellgreen project resources with Measured and Indicated resources increasing to more than 330 million tonnes from 14 million tonnes and nearly doubling the Inferred category resources to 846 million tonnes. 760 drill holes which have tested approximately 2.5 kilometres of an approximately 20 kilometre long system. The deposit averages 100 to 200 metres in thickness at surface in the Far West Zone, expands to 500 metres in thickness in the Central Zone and to nearly a kilometre wide in the Far East Zone where the deposit remains open down dip and along trend (see cross sections on the Company’s website). https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2014/Wellgreen-Platinum-Announces-New-Resource-Estimate-Including-55-Million-Oz-Platinum-Palladium--Gold-3E-in-MI-Resources-and-138-Million-Oz-3E-Inferred-at-its--Wellgreen-PGM-Ni-Cu-Project/default.aspx My own impression ? reassaying older drills.
they say, 2012 and newer.... how could that ever apply to older holes ?
Because they also said this further on in press release. The updated Wellgreen mineral resource estimate incorporates data derived from new drilling and historic re-assaying conducted since 2012, which totalled nearly 40,000 metres. This data was used along with other available historical data, some of which was re-logged, to develop a geologic model for the Wellgreen deposit that incorporates lithology and uses wire frames that constrain massive sulphide mineralization and unmineralized zones. Other historical data.*** there it is.
High odds = Hudbay, Chevron, Coronation, Galactic,
North side resourse
This 2015 pea pit looks great.
this is believable.
pit goes way back.
shows both south + north + deep zones
vs 2023 blue pfs pit appears as just south side.
but 2023 pfs report does show 4 pit phases.
yet 2023 blue pit has hump on side of mtn which looks nearly same as mine portal.
= could mean.... blue pit is only southerly.
Late 2015 rolls round.
Old crew replaced with new crew.
Suddenly, resource reduces in size.
My thoughts ?
2012 / 2014 crew gained access to big boy drills and north side resource.
Teamed together using ug mine, north side resource then....
after launching northern resource pitching inferred
2012 crew was all cashed up.
mega millions to use for drilling out south sise.
As more tonnage on south side was drilled / amassed.
tonnage from north resource + deep holes were axed and replaced using
south side - blue pit appears closer to road.
And perhaps why... several
deep drills are not seen in reports
2015 forward. Then the great divide.
Former owners own ug mine, deep holes, north side resource ?
Junior south side ?
why so many excuse's axing 86% of inferred ?
Zone and boundary changes ?
Post is pure speculation.
Not investment advice.
Merely trying to make sense of things
My spec could be entirely wrong but then again, bang on.
Flip a coin.. Suppose i was right ? Investors invested in ALL of Wellgreen, not half.
Right ?
Who really owns Rory claims ? GPM press sain they took a 5 or so year lease on Rory.
Can't find any more info.
Rory claims shows a red dotted boundary that includes wellgreen.
Look close you'll see the read boundary.
What i do i think ? If original owners are in the mix, not sure...
Then, they should buy out the smaller share holders.
Disgusting seeing $0.015 cents considering the size and variety of resource.
Not fair dragging this project out.
6 years ago former prez in video stated wellgreen is fully dilled out.
Include north side and deep holes.. sure. but please do include all holes.
Funny thing is... same prez that axed 86% of resource.
If 2015 forward seen so many changes, and suppose my speculation
was close to the mark - should'nt investors been informed of why the changes
instead of excuses like, boundaries, cut offs, spot prices, extraction ?
Done with research,
Cheers...