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Bullboard - Stock Discussion Forum INOMIN MINES INC V.MINE

Inomin Mines Inc. is focused on the identification, acquisition, and exploration of mineral properties with the potential to host significant resources, especially critical minerals, as well as gold and silver projects. The Company owns a 100% interest in the 7,528-hectare Beaver magnesium-nickel property located in British Columbia, Canada. The Beaver property is situated in south-central... see more

TSXV:MINE - Post Discussion

INOMIN MINES INC > Long holes but insufficient Grades
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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 teguychum on Mar 31, 2022 4:53pm
The grade is fine for open pit mining, most BC copper porphry mines grade 0.30% to 0.40%. Beaver at 0.20% Ni Eq.(NI+Co) similar value to 0.40%- 0.50% copper at todays prices which we know are going to go down - right? Maybe you should sell your shares and move onto another stock? The basher's are starting to show up boy's - we've hit the big time.           ...more  
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.