Amigo, I think the figure of 160,000 tons of nickel at Lynn Lake may have been mentioned for metallurgy which enables extraction of nickel at a 0.4% level (the 116,000 tons applies to a 0.5% cut-off grade, from memory). When the Lyn Lake mine closed in mid-1970s, it had been mining the high-grade cores of the main plugs and sorting "by hand". So it was slow and expensive with a high cut-off grade. Fast forward to 2022, Corazon has contracted metallurgical studies by a WA company which is using core samples from the recent drilling into low-grade ore at the El Deposit, and that type of study will give a flow sheet for processing and ore with a low cut-off grade. The MD has said in several presentations that the plan is to use modern metallurgy and mining methods. He said the first stages of ore sorting and processing at Lyn Lake will be effcenty carried out underground. Corazon's plan is to develop Lyn Lake into a large, bulk tonnage, long-life profitable mining operation. The markets seem to be undergoing a widespread correction, so that's not helpful for junior explorers. Also, Corazon's shareprice doesn't reflect the longterm value of the mining assets that Corazon has built up over 10 years, but that is pretty normal for juniors who are transitioning from explorers to miners. Nevertheless, it will only take one or two significant announcements in 2022 for the sentiment to turn, IMO.
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Amigo, I think the figure of 160,000 tons of nickel at Lynn Lake...
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