Re: Surething
in response to
by
posted on
Apr 03, 2011 02:05AM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
"If they aren't competent enough to find the daily trades, then perhaps as their friend you should/could advise them that the market is no place for them to be."
We all have differing levels of competency Surething. I make no assumptions and it is quite possible that there are all kinds of investors reading this forum. How about the folks who don't have access to the ISM depth? As for your suggestion in emailing them with the same info, I may not have their email addresses. I find it easier to post in a common forum where anyone and everyone that may be interested can assess the info here. You want to tell me what I should and shouldn't post when it relates to ISM?
As for the daily trades, I post them to show when and if I feel there is either selling or accumulation on the go. Some may not be able to see the trades. I note my one yr old observations about CIBC have not changed, Thanks for the refresher.
As an example, some like to see that in early glimpses from daily trade it might look like National Bank is on the buy, Well when we finally do get to see the house positions these sort of posts and accumulations get credence and verification.
Do you need to know why I post the price graph for Nickel?
Do you need to know why I have filled the photo and link library with as much relevant ISM, Nickel and mining Industry info as I can?
Do I need to explain each and every post to you?
BTW The more I read the Micon report, the more I think I understand which direction the company is taking wrt the Micon conclusions. I have for myself decided that the pursuit of the dewatering permit is most likely a waste of money especially interms of ROI when it relates to what Micon has directed them to do.Others seem to cherish this gem as it represents an incomplete stated company goal. When you consider that Randy Miller is quoted as saying that only 15% of the Langmuir property has been explored/ and or drilled that leaves a lot of potential discovery other than old abandoned deep mines and shafts/ramps. It would seem that the open pit potentials are the focus going forward. KCC Allerston has been the latest drilling results we have seen.
Lastly, comparing the posted Turnagain material ( preliminary economic assessment) with the Darcel report is way off base and you know it, but please keep trying to discredit/downplay all and everything I do here and post about. At that time, the Darcel Report was an exciting read for shareholders, but it was definitely not a accredited mining professional who wrote it, but an analyst for a stock report. Much different than the company's PEA on Turnagain.
Maybe you need to re-read it and appreciate what they are discussing, Most ISM shareholders would see it's relevance. Are you going to scoff at this and dismiss it, as these are mining professionals and this is groundbreaking technology that may have repercussions for many more operations having similar ore characteristics? IMHO
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http://agoracom.com/ir/Inspiration/forums/discussion/topics/476552-new-technology-and-nickel-recovery-brings-hope/messages/1535946#message
Interesting read for the Turnagain project (Low Nickel %) Wonder if this could also be used on our high tonnage low Ni % ores at Langmuir. I like the commentary on the feedstock issues and Nickel Sulphides as well. http://www.resourceintelligence.net/hot-stocks-hard-creek-nickel/16223 " Results of a preliminary economic assessment released on April 2010 estimate the calculated measured and indicated resources at over 695 million tonnes grading 0.216 total Ni, and 0.014 cobalt, plus over 510 million tonnes grading 0.199 total Ni, 0.014 cobalt in the inferred resource category. Not only does Hard Creek Nickel have the goods to back it up, its outlook has just become even brighter due to a recent metallurgical breakthrough, which identifies potential for the company to develop concentrates exceeding 15% Ni while maintaining greater that 50% nickel recovery. President and CEO Mark Jarvis explains: “Under our old metallurgical regime, we could only reliably make a concentrate grading 4% nickel because too many magnesium minerals were floating along with the pentlandite (nickel sulphide). That low grade made the concentrate non-transportable economically, and the high amount of magnesium in the concentrate meant that traditional smelters would not be able to process the concentrate. This is the reason we looked to a ‘new tech’ solution to process our concentrate on site. However, the mining business does not like new technology because, particularly for high capital cost projects, it is considered too risky. That is why we circled back and put all our efforts into improving the froth flotation. We were hoping, in our wildest dreams, to make a concentrate grading up to 12% nickel. Our efforts have borne fruit dramatically. We are now making concentrates with nickel grades in the 15% to 25% range and with magnesium levels and iron to magnesium ratios at levels that the smelters will be happy to process.” He called the development “game-changing” for many reasons: “It makes our project ‘plain vanilla’ in terms of technology, which is less risky and therefore more attractive to potential partners; there is a looming shortage of sulphide-based nickel concentrates so the existing smelters are getting hungry and in some cases desperate to source feedstock. If we can supply this hungry market with a large output of concentrate for many years, then we will be very attractive to the smelters. Finally, without the constraint of an onsite refinery, we are free to optimize the mine plan to process higher grades in the early years of production.” He added that this development should boost the net present value and the IRR, and speed up the payback time. Under the PEA completed by Wardrop, the NPV, at an 8% discount, is $715 million based on an assumed price of $8.50 per pound for nickel; IRR is 10.7% and payback is 8.1 years. “Nickel is currently more than $12 per pound. At $12 nickel, the NPV is $3.3 billion, the IRR is 19.9%, and the payback is 4.4 years,” said Jarvis."