Did a few major nickel players from Sudbury miss out on, Timmins ?
Why would these key nickel miner's entertain the though of, mine their tailings ?
They do use sulphur to extract, pentlandite nickel, but are the tailings really sulphides
or ores that couldn't be processed by sulphide extraction = serpentines ?
Who will take the helm and lead ?
How many EV vehicles are not panning out ?
Are hydrogen vehicles showing more promise ?
How about hydrogen energy - the other market outside vehicle sectors ?
Why are so many juniors reluctant to step away from the pact ?
Find a new market of their own ?
How much $$$$ has been pissed away in research markets that by the time
the report is finished - markets have already shifted in another direction ?
Are advisors upto speed with market conditions ?
Why are larger players still teaming with China while media tells us, pulled away ?
Welcome to the distriptive markets that have evolved into, disfunction.
Hydrogen energy is a superb breakaway from the ev nightmare.
But... are there other markets one can cater to and still profit ?
YES. #1 rule in mining ? Always front your highest grade mineral.
The irony ? Many nickel juniors have not allotted for this mineral in their, economic studies.
Which begs.... Who wants it....and what did they have on their mind(s) ?
What market is expected to grow 600% by, 2030 ? = Magnesium - Automotive
- Aviation
- many other products made with specialty alloys
Aluminum + Magnesium
Nickel + Magnesium
Even Ford loves these twined metals.
Super light - fuel savings.
Super strong.
There are several aluminum / magnesium alloys that can even be
welded. If weld capability one has to wonder about
3D print. 3D metal print market is
one of the fastest growing sectors. Automation, Robotics.
Wellgreen Deposit
Has upto 16% Mg values
1 Tonne 2200 lbs
x 16%
= 352 lbs
Every 6.5 tonnes mined
= 1 tonne Mg
$450 = Mg Oxide
$4,200 = Mg metal
Wellgreen should've been modelled with,
Mine Mg
Pull plat group
Pull Iron What then remains = multi concentrate
It's then your fronting 3 strong mineral credits.
So why is it.....? Mg was never factored
Iron never factored
Plats never fully pulled / separated
Which is every reason why our PFS needs a revamp.
ASAP 16% or more Mg
14% Iron ( upto )
Plats seeing a 50/50 extraction and kept in, concentrates
I guess shareholders were thought of ?
Not.
Let's choose the Mg Oxide $450/tonne
Mine 10,000 t Mg ( 16% ) per day x 352 lbs per each raw tonne = 1600 full Mg tonnes x $450 t
= $720,000 usd per day
x 350 work days
=
$ 252,000,000 million per year
Produce an Mg alloy = $$$$$ off the charts Mine 10,000 t Fe ( 14% ) per day x 308 lbs per each raw tonne = 1400 Iron tonnes ( convert hematite to magnetite ) $25/t
x $250 t
= $350,000 per day
x 350 work days
= $ 122,500,000 milliom per year That's just 10k tonnes / day
No plats No exotics, no bulk con, no mystry minerals
So whose idea was it ( nickel industry )
omit Mg, Fe, Exotics and more ?
What's our real valuation ? The use, demand and popularity of magnesium alloys is growing at a steady rate in the automotive industry. It's lightweight, strong and versatile features make it an ideal choice for a range of applications.Feb 14, 2023
Cheers...