Re: Largest Nickel Deposit in the Shaw Dome
posted on
Apr 07, 2010 09:25AM
Granite. Whale, what I was getting at is that the grade of ore is about half of what most people were expecting. Especially at LN. So for every tonne of hard rock that needs to be crushed and milled you will only get about half the nickel out of that granite. Your cost per pound for nickel produced just doubled. Now as you pointed out by SGS the deposits can be open pitable which should lower the costs without going to the expensive underground methods. Just imagine what the economics would have looked like with a doubling of the grades, still open pitable and twice the overall tonnage. If that were true this would not have been a $.40 stock.