Post by
SunsetGrill on Mar 31, 2022 4:27pm
Long holes but insufficient Grades
The holes may be very long mineralization but most nickle mines need 2-3% Copper 1% and magnesium up to 40% Chromium need higher than 0.33%
While the minerilization is long and extensive. So far these grades are unmineable and guess whats coming next - more shares and fund raise.
Comment by
SunsetGrill on Mar 31, 2022 5:27pm
Grades are FIne? good luck with that. Maybe you should buy more then; lots more - cause its a lock,. Head on out there with your shovel and start mining.Will take another 6 years for the Econimic Assessement ot determine if its feasible at all - in the meantime enjoy the dilution in the most cyclical business there is. Time will tell but they need better grades
Comment by
gizzyme on Mar 31, 2022 5:57pm
Grades are excellent now go hide in your Mom’s basement
Comment by
Sacks45 on Mar 31, 2022 6:12pm
Copper Porphyry copper deposits are low grade, but are important sources of copper because they can be worked at a large scale for low costs. They typically contain between 0.4 and 1 percent copper in concert with smaller amounts of other metals, such as molybdenum, silver and gold. Porphyry copper mineral deposits are usually massive, with extraction taking place by open-pit mining.