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)

Free
Message: Re: Base metal mines 2.5 times more costly in far north: report

If you as a NOTer are concerned about us having higher costs then do so only for the chromite ores.

Our nickel ore is very profitable. The only problem with it is that it could be a bit bigger. Company could scale down the Eagle project so that the mine operates more than a dozen years. That way initial cost of development would be lower and the mine would operate longer. Not rushing to get the ore out of the ground might make it more profitable.

Why build a mine and then use it for only a dozen years. Makes me wonder just how much of the nickel mine infrastructure could be usable for the chromite ore. Yes the shaft for access, drilling, blasting and hauling equipment. Perhaps a ball mill also.

The other draw back is that the company probably wants to rush the Eagle mine so that it could transit to the chromite as soon as possible.

I am just stating what I think are alternate possibilities.

Share
New Message
Please login to post a reply