2,500m strike 200m wide 14m thick grade av 2.0% (will not be 3%)
2,500 x 200 x 14 x (2.5 SG) = 17.5Mt @ 2% so 1/3 of the WA 1 MRE.
containing at 2% 350kt Nb205 which equates to x 79.5% = 278kt Nb metal
at $45k USD = $12.5B USD with beneficiation at 60% to conc (see WA1's metallurgy presentation), and 95% to FeNb in the arc furnace = total recovery of 57% looking at 12.5B x 57% = 7.1B USD in recoverable product
7.1B/17.5Mt = $406USD in value recoverable per tonne of future ore which equates to 4.9g/t gold equiavlent per tonne.
Strip ratio probably 5 or 6 to 1 but processing more complex and capex probably larger than similar sized gold plant.
Will be expensive power and logistics costs out there. Water will be an issue.
Comments? Did I get the calcs. correct?
saggy
ENR Price at posting:
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