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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

View:
Post by Wangotango67 on Apr 12, 2024 6:54am

HEYWOOD

It's great the platinum group metals are on the rise but....
It won't do much for our share price ( if the stock is boxed in ) held down.


What's my main focus ?
Tracking down ( Wellgreen's sulphides ) while dismissing Shaw's silicates.

Jan. 8, 2018
Wellgreen Platinum name change to Nickel Creek Platinum

Anything else ?
Concurrent with our rebranding, we have renamed our 100%-owned Ni-Cu-PGM project to Nickel Shw (from Wellgreen).
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2018/Wellgreen-Platinum-Changes-Name-to-Nickel-Creek-Platinum/default.aspx

Any connection to, test sulphides and gabbs later date ?
Could the bore holes and 2013 reassaying been segragated at this point in time ?
Yet.... still 100% owned ....

Most are familiar with 2017's press stating
" test sulphides and gabbs later. "

Most know the higher grades revolve around
( sulphide, fabbs, clinopyroxine )
reports and press releases mention this wuite often

Whare are these higher grade zones ?
Lower Ultramafics
Beyond the surficial ( shallow drill holes of 2017 retest of ores for new met tests )
Deeper zones contain the higher grades
Deeper.... benieth the silicate capping

2015 outlined a core higher grade zone consisting of,
72,117,000 million tones  ( m + i )  0.653% Ni Eq    2.493 / g  Pt Eq
173,684,000 million tonnes ( inf )  0.631 % Ni Eq   2.41 / g   Pt Eq 

Source 2014 ( bottom chart )
https://live.staticflickr.com/65535/53294034400_a645049e8f_c.jpg


Rough Averaging  Using Sulphides ( figures above )
246 mil tonnes x 0.64% Ni Eq
= 1,574,400  million tonnes  Ni Eq
x 2200 lbs
=
3,463,680,000  Ni Eq

246 mil tonnes x 2.4 / g Pt Eq

= 18,983,922  mil oz Pt Eq
x $1000 ( avg )
= 18,983,922,000  billion usd

So if 2017 retest ( drilled more holes ) for new MET tests
where were these holes ?
= majority were well away from ug mine, well away from far east zones

Did they drill deep ?  lol
Try to obtain the deeper sulphides, gabbs ?

Highly likely the upper silicate capping ores were sent to, xps.
and most likely why our 2023 pfs has extremely low metal payables

Which brings the subject full circle to,
2017 - tests sulphides and gabbs - later.

You see, gabbs and sulphides have a far higher recovery.
Industry standards = 85% or more


If 2017 said ( test sulphides and gabbs later )
and new holes were drilled for new met tests which were revealed in 2018
then... how can the MET tests be a continuation of MPP bulk concentrate
when MPP bulk concentrate comprised - sulphide + gabbs + 80% silicates ?

It points to, sulphide + gabbs ( higher grades ) were excluded.
And.... 2017 new drills ( shallow ) were sent to xps.


Question... what's best for shareholders ?
- high grade sulphide gabbs = 245 million tonnes @ 85% extraction
or
- 437 million tonnes silicates, course gring, met test that can't handle silicates
   25% metal payables in 2023 pfs


Throw in Clinopyroxine
geology aside of gabbs and sulphides
massive orange color

https://live.staticflickr.com/65535/53520608537_e27368a5f4_c.jpg


And this,
90% platinum group could be extracted
https://live.staticflickr.com/65535/53255723282_357390e13d_c.jpg


Let's now revamp the wellgreen
Focus on sulphide, gabbs, clinopyroxine
reshape pit ( skinny elongated pit shell )
only mine these three geologies
higher grade minerals
higher recoveries  85%
pgm group 90% recovered
exotics as bonus
= highly valuble project


Yet... how was this wellgreen project shaped since late 2015 ?


Anyone keeping an eye on, ivn - trading millions each day - for several months ?
Bore hole Billionaire.

While the other billionaire, collecting ncp cheapies.


Cheers...




Comment by Heywood_Silvers on Apr 12, 2024 5:08pm
Hi Wango, you delve deep into the metallurgy and math of the project, which is good.  Most investors, however, don't have the technical expertise or the willingness to perform the extreme due diligence that you perform.  What will happen though when the flood gates open is that NCP will rise based solely upon the fact that the word "platinum" is in the name of the company.  ...more