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at >400m depth though?

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St1nky

386 Posts.

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14/01/22

11:08

Post #: 58859537
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Originally posted by Goldbug23: ↑

4.6m at 2.3% is economic for sure. At current Ni prices that is $680 worth of Nickel in a tonne of ore and thickness is mineable. It typically costs $200 to $300 per tonne of ore to mine and mill to make Ni con, so higher than 50% profit margin.

The 0.7m wide intercept is too narrow to be economic but its high tenor and probably is on the edge of the channel which may thicken up adjacent to the intercept. Expect them to target this with a wedge hole.

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at >400m depth though?

CNR Price at posting: 42.0¢ Sentiment: Hold Disclosure: Held
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