Fokus Mining Corp V.FKM

REWROTE THE LAST POST - GOLD OZ's

[Wangotango67]

REWROTE THE POST - ( hypothetical cost per / ounce ) 
basing it on - potential - historiclal...  aluminum + iron credits
hypothetical in nature. 
 
Which is better ?
Drill more with current ( info not fully assembled )
=  galloway is not quite understood
= lots of info over the years - not packaged neatly
= but all info needs to be assembled

PEA - would tell more of the story.- forces facts on paper
         - vs drilling more.. keeps it all a mystery.
        - pea would allow a polishing of the project and introduce
           to retail what the galloway has to - offer. 
           this creates competition to - larger player - wink.


Over 40,000 meters have been drilled ( recently ) 
 

Fokus also asked ( Technominex of Rouyn-Noranda )
to review the 47,000 m ( historical drills - gold and ( other minerals )
( oct 28 2020 - press ) - question is... did they assess the Al + Fe ?

i myself would ask for  ( 2 ) secondary mineral credit reviews -

- iron - based on other reports - vantex - there's 4.5% Fe average
- aluminum - same - vantex - report - 6.9% Al average.

If ever proved - homogenous throughout depoist with these two
secondary mineral credits then....

One would be able to build the -  galloway gold project - as a 
LOW COST PRODUCER

NOTE - copper + silver credits
come nowhere near the values of - iron and aluminum.

aluminum + iron are the two greatest strengths.
based on historical grades ( vantex holes ) 
as for - molybdenum - junior would need to provide more
information - company makes mention of it - but  no one really
knows what galloway holds in moly.

- IRON  is easy to pull from gold ores. ( given )
- ALUMINUM - as a BAUXITE (  60% + 12% Si ) allottment

- IRON = $119 / t  usd
- BAUXITE 60% = $110 / t  usd

Fokus has pegged the cost per tonne @ - $35/.tonne

If Fokus ran with
- 1,788,100 oz  @ 0.97 grams per tonne
obviously it would attract more attention than, 1.4 million oz

LOWER GRADES WERE ADDED ?
grades under 0.97 
More gold but.... more tonnage mined
more costs to mine.
finding the middle road seems to be, 0.97 / g / t
1.788,100 oz

Even though - VANSTAR - used 0.85%  gram grade
their  recovery rates with most likely nock it down to
0.75 % grade.

If Fokus ran with - 0.97 grams - less % 90% recovery
= 0.80 ( gram ) full recovery

Fokus is now richer  - grade - positioned better than
Vanstar - competitor.

------------------------------------------------------------------------------------
.
31.1 grams in 1 oz of gold
~ 0.80 grams
= 39 tonnes ( 1 oz )

$35 per tonne mine cost
x 39  tonnes
= $1365 usd

$1700 - spot gold  ( less than innoxplo - better buffer  ) 
- $1365 cost
= $335 profit / oz
x 1.788.100 oz
= $599,013,500 usd ( million )
~ 140,000,000 shares out
= $4.27 / sh

That's based on gold out of the ground.
If mind b Fokus.

If another bought Galloway ?
$200 oz wholesale
1.788,100
x $357,620,000 usd 
~ 140,000,000 shares out
= $2.55 / share

Not investment advice -

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

Supposing ( aluminum + iron ) grades were consistent
these grades would need to be verified by - Technominex + lab

Let's assume the are....
and to shorten this post i'll just sho the numvers i've crunched

ALUMINUM - 6.9%
151.8 lbs - per tonne
x 39 tonnes ( also makes 1 oz gold @ 0.80 grams )
5,920 lbs aluminum
~ 1,320 ( eq to 60% vauxite grade 12% silica )
= 4.48 tonnes of ( aluminum 60% con )
x $110 usd
= $492 usd ( bonus )

IRON - 4.5 %
99 lbs - per tonne
x 39 tonnes ( also makes 1 oz gold @ 0.80 grams )
= 3,861 lbs
~ 1320 ( 60% iron con )
= 2.92 tonnes ( iron @ 60% con )
x $119 / t  usd
= $248.08 usd

COMBINED ( alum + iron ) credits
= $740.08 usd   ( secondary credits )
,

Let's now pull forward -
$35 cost to mine 39 tonnes ( 1 oz gold )
= $1365
- $740.08
= $624.49 usd - all in cost to mine 1 oz gold 


Operations are now - stremlined - 
quick iron cedit
quick bauxite credit
no real slow down in mining

Now a low cost producer
$624 / oz

who could match it - nowadays ?
hello.

All based on....
hypothetical iron + aluminum grades.
extracted from - vantex - report .
only 4 - 5  hole assessment.

And that is why....it's important to ensure Technominex
performed such - assessments.
maybe they only sought - copper, silver... ugh.

There's my case for....
PEA -  would be a far better route than, more drilling.
would elevate stock price - less dilution for drilling .
this should be worked on now...
before a mid june drill program.

PEA - could take less than 3 months.
Having it 90% complete.
Then... last min incorporate - next round of drilling .
Done by, Sept. all new drills weaved into maiden - PEA.

And... run with the - 0.97 gram ( 1,788,000 oz )
less 10% recovery
= 0.80 gram per tonne

There was a tome.... juniors with 2 million ounces
were take out targets... Times have changed...
Seems they want the juniors with more gold...
But... this favors majors over - shareholders.
They should really go back to the 2 million ounces.
lol

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

DRZACON -
Yes... i know drill hole -  KOD - 86 01 - is on Hendrick's
My research has found - this same hole was poistioned
originally on - Perron -

Vantex stated - this drill hole was -
500m  S/W from Hendricks

I have reposition the 2 perron ( yellow dots )
as close as to the Gov't Quebec website - drill data logs.

What i think... or assume has happened is... 
Vantex partitioned and sold pieces of the Galloway.
Visable Gold - may have recieved some.
Across river.

And.. .the two lower perron claims are - mia.
Other than that.... the remaining Galloway is - intact.

As for the single perron claim with 2 drill holes ?
They are with in - Hendricks boundary claims.
All good.
.
I would say... Hendricks absorbed the single 1 perron
claim of  - 3 - perhaps incorporated this  land mass
into Hendricks.

How do i figure this ?
Here's an older map showing the three perron claims
in magenta color.

the closest claim appears to have been absorbed into
Hendricks.  ( seen on map as, galloway white box or Hurd ) 
https://live.staticflickr.com/65535/52799370985_0189207ccc_z.jpg
 

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

So yeah....
i prefer the ( 1.788,000 oz ) figures.
works good with - 2 secondary credits.


i crunched several angles seeing which scenerio was best.
mixing two lower grades with - 1.07 grams
mixing one lower grade with - 1.07 grams
lower grades with - 0.97 grams
or... drop current 1.07 g down to - 0.80
( but... i don't know what tonnagethere is for 0.80 g )

no melt
just crush, mill, sift - float and out the door .
flintstone style.


i crunched several angles seeing which scenerio was best.
mixing two lower grades with - 1.07 grams
mixing one lower grade with - 1.07 grams
same above with - 0.97 grams
or... drop current down to - 0.80 ( i don't know what tonnage )
seems to be the best metrics. ... mindfull of tonnage + consts
 
FINAL SUM -
0.97 grams + 2 simple ( oxide credits ) 
if the 2 minerals 9 al, fe ) are applicable.
 


p.s
here's a website showing the Canadian aluminum
operations - Rio Tinto - i would mold Galloway in this direction - 
they have several quebec aluminum plant

- Rio Tinto Aluminum plant locations
- Fokus has rail right on it's property
- Rio is placed - approx - 375 miles away ( Monreal )

Aluminum 60 % Con +  12% Si
$70/ usd ( 2019 )

if on opens link belwo we can see aluminum prices were
almost 1/2 cheaper -  than what is now...
Thosefigure in link chart - are metal figures.

So... i tacked on a few more buch to $110 
- also considering China has a VAT  tax upto 15%
- also as most know... shipping costs are through the roof
   mega bucks to ship form - overseas....
   price may look cheap for aluminum 60% con
   but... .what would one pay after shipping ?
- hence.... $110, i figure is a reasonalbe 60% con price.

- The anomaly and potential vantage  here is - 
   Canada imports most all it\s aluminum.
   i figure if one has a good 6.9% grade and is already crushing the
   ore to pull the gold - why not... pull the iron and aluminum ?
 

NATURAL RESOURCES - CANADA - 
https://natural-resources.canada.ca/our-natural-resources/minerals-mining/minerals-metals-facts/aluminum-facts/20510


Cheers.....

Post is not investment adivce.

Here's hoping the post doesn't double up again,
Fed up with this computer. 

Even if i.... increase a font...
it will decrease the size...  i have to get this computer
debugged.... thanks to the alibaba ad i clicked - grrr....!

Lastly....
i came across a Malartic yearly report -
in this report - they show how they used - 64 micron milling - 
mucher finer than what a lab mills to find results.

Carbonate gold liberates easier with - 64 micron.
On the same chart - malartic's -  it also showed
next year ounces mined using - 85 micron.
which i found interesting.

i would hazzard the guess and say....
64 micron took longer to mill.
85 micron milling is quicker processing ( obviously )
= could mean they relied on a diff process
= more acids ? 

i'd post this malartic chart... but the site i'm using for 
upload images - has me maxed out -  lol
oh well...

[frbosse1]

This could be interesting. Would this ultimately come out on the economic assesment? Not sure it's anywhere near on the radar of management.