Mineral Resource Estimate1:• 660Mt @ 0.79g/t 3E (Pd+Pt+Au), 0.15% Ni,0.08% Cu, 0.015% Co• 17Moz 3E, 960kt Ni, 540kt Cu and 96kt Cocontained
too low grade for an underground mine. <1g/t for palladium which has a far less price than gold. Rule of thumb is that Gold mines need to be high grade for underground mining, this is palladium and is thus extremely low grade. People not doing research pumping it again
also grades of nickel and copper are too tiny at sub 0.15%
. cobalt- price is no good anymore.
Thoughts on Palladium demand : r/stocksReddit · r/stocks40+ comments · 4 months agoI guess the point I was trying to highlight was that there is a technology (EV) that can mostly replace ICE and decrease demand for palladium.
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