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Bullboard - Stock Discussion Forum Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

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 > PEER COMPARISON -
View:
Post by Wangotango67 on Nov 29, 2023 11:34am

PEER COMPARISON -

Was just sifting CNC's bankable FS study.

Page 16
Nearly - 2.7 - million tonnes ( nickel ) is derived from,
0.17% - 0.21% Nickel ore grades - from - 1.379 billion ore tonnes

Page 27
41% - nickel recoveries - LOM

https://canadanickel.com/wp-content/uploads/2023/10/CNC-Investor-Deck-October-2023_VFinal.pdf


CNC's - Bankable FS - Press
Proven & Probable reserves of 3.8 million tonnes contained nickel
from 1.7 billion tonnes ore grading 0.22% nickel

Annual average nickel production of 83 million pounds (38k tonnes)
over a 41-year life,

https://ceo.ca/@newswire/canada-nickel-announces-positive-bankable-feasibility


Let's crunch some CNC numbers -

83 million pounds / annum
x 41 yrs
= 3,403,000,000  ( less than, cnc's press figures )

Did you catch it ?


Besides the 400 million tonnes ( off )

Let's now factor 41% recovery
I don't think they factored the... 41% recovery ?

3,403,000,000 M nickel tonnes
x 41% recovery ( crawford... not texmont )

= 1,395,230,000 M nickel tonnes


  Wellgreen
- no iron credit
- plats not fully pulled from magnetite
- no exotics
- titanium + chromium ( 2012 reveal )
- 2023 block model included % recovery
- cut off bumped up, lower grade axed ???
- upper / lower hole + geological name changes  + boundary changes
- metal payables in 2023 pfs seem - off -

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

#12 + #13 post correction
should read - 2030 - ( not 2023 )


Cheers...

This post is for comparison sake.
How various eng firms - economics can differ - make / break project.

Comment by Matt666777 on Nov 29, 2023 10:43pm
What kind of value would you judge NCP as having in terms of a fair share price?
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