Post by
Wangotango67 on Feb 27, 2021 1:55pm
WHY SO MUCH EMPHASIS ON - GRAPHITE ?
SIMPLY PUT -
1,200,000 oz of gold
x $850 / oz profit
= $1,020,000,000.00 ( billion )
Hypothetical of 5% graphite in ores
with increase in tonnage to 54.6/million tonnes... ( example )
56,400,000 ore tonnes
x 5% graphite
= 2,730,000 tonnes of graphite
x $350/tonne
= $955,500,000.00 ( flirting 1 billion )
GRAPHITE just might hold as much weight ( value ) as the gold credits.
i maybe disliked for speaking about the graphite...
But.. it is what it is...
Graphite could hold as much value as the gold.
Which is why more info is needed on the graphites.
SPA - just might have a secondary mineral credit which could same value as the targeted gold.
I wish there was more info on the graphite - kind of graphite and grade of graphite.
That's all that's needed to justify if its feasable.
Show me how much graphite ( % ) with in the ores.
Show me what kkind of graphite.
Whagt if there was 10% graphite ?
67% of the ores are - Argillites... known for grpahite.
Ores are descibed as - dark grey = indicating strong graphite presence.
Then... tweak the extraction without altering too much of the current extraction...
small revisions in which accommodate the current extraction - facilitating the PFS.
Perform a quick 300+ mesh test - it would REVEAL ALL that's needed.
.
Cheers...