WMG 0.00% 33.0¢ western mines group ltd

Ann: Aqua Regia Testwork Confirms Nickel Sulphide Association, page-53

  1. 708 Posts.
    lightbulb Created with Sketch. 49
    Anyone done the maths Ni = $22,710 ton so if you have 1% ore = $227.10c per ton So let's pretend its 0.003% that's $68.13 per ton. Thats less than 1 gam per ton gold equivalent. So add in 15% mining dilution now $57.91c per ton, not incding a strip ration to mine so more cost (now only just above half a gram gold) recovery will not be 97% in a real mill.

    Let's not forget massive cap ex abd capital costs. ready to mine in 4023 when Ni hits one million dollars per ton.

    ((Putting this dirt in a vat to leach it all out, is not the same as a real-world recovery through mill!!! ))

    I hate to spoil the party, but this is at or close to background Ni in the gold fields!!!

    good luck punters!!
 
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