Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Corporate Update

...we all have our reasons to complain, especially when were loseing money but lets keep this in perspective. I have not seen any yr end financials from other Comps i hold and i have been through this bankrupt phase before and debtors list are not public information. Lower operating cost was infact the mine plan that was set out as Gary was going to recover our PMs in our mill as Xstrata was paying us for 1 gr were we could have retrieved 3.5 gr.This with the 1400 tn of ore from the McWatters at 1.4 % in the first 3 months and stepping up to 1700 tns at 1.75% would have given us our $ 3.50 lb price.Takeing baby steps is not practical, as nickel mining is not like gold mining in that you could heapleach gold. Shutting down the Red Stone which was feeding us and closeing the Mill which was giving us a concentrate, then what, Trucking the ore to Sudbury, then having it cruhed and then having it sit on the ground to oxidize does not make sense, just ask FNX as what they though was going to pay them so much only to find out the ore had to be autoclaved in order to remove the rust. Libertys cobalt is just a short truck ride East of the Red Stone and shows some of the highest percetages i have seen as the World average is .02 % and ours shows 10 %, although this would require a metalurgical plant to extract the arsnic, but with electric car batteries here, cobalt will be in demand. My concern now is the fact that the EAST is buying up nickel mines and taking them private in order to meet their demands and eventually we will have no world demand as they will be self sufficient. without prejudice, Traps7

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