Re: Meanwhile 400 miles SW of the Ring of Fire

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Edgy

Rank: President [?]

Points: 38290 [?]

Votes: 354 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Meanwhile 400 miles SW of the Ring of Fire

in response to

Meanwhile 400 miles SW of the Ring of Fire

mynot

posted on Jul 29, 2010 02:25PM

Do not want to rain on your parade Mynot from yesterday's post re Nokomis Resource but comparing to NOT's values of $650 per Ton just to show how great we look.

Prices per Kitco metal calculator they are:
0.639% copper, 0.200% nickel, 0.660 grams per tonne
Copper 14 lb = $46
Nickel 4.4 lb = $41
PD approx. 1 gram=.03oz = $15
Total $103
or
Copper equivalent of 1.51%=33 lb. = $107.

Our $120 operational and overhead costs means about $500 profit per ton before taxes.
So their costs should be cheaper but even with only $50 that leaves only $50 and there are taxes royalties and what have you. Not very economical while we are like a great gold mine by comparison.
Just ball parking on the dollar values.

4 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply