HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Critical Mass on Chromite?
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Sep 23, 2008 05:16AM
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Re: Critical Mass on Chromite?

posted on Sep 23, 2008 06:53AM

I wouldn't be so quick to say a smelter would not be built on site. With chrome selling at $2.00 per lb and direct shipping ore selling at $600 per tonne fob port, the price difference would make a smelter look attractive. 10 million tonnes of ore at 28% Cr is worth $6 billion unprocessed and $11.2 billion processed. (assuming 100% recovery). Quite the difference. Transportation cost savings would be huge. The press release states that " this would place this discovery as the best in the world". Given power problems in Europe and Africa, when this discovery is developed it will outprice anything in the world and therefore be the leading producer of chrome globally. Given the tonnage and quality, this is within the realm of possibility. Folks, we have a rare commodity here in terms of size and quality.

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