Re: The chicken or the egg, Nickel or the Chrome & Consolidation 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: The chicken or the egg, Nickel or the Chrome & Consolidation of the Ring of fire

in response to

Re: The chicken or the egg, Nickel or the Chrome & Consolidation of the Ring of fire

goldhunter11

posted on Jun 07, 2014 06:13AM

Goldhunter:

'but the lucrative business would be in the mining of chromite (excellent profit margin over many years'

I think you are misplacing profit with amount of value.

NOT is the one with excellent profits on it's nickel ore, being about 5 times over costs while for chromite it is about 2. I suspect not much change for chromite even with KWG's gas powered process.

I do not have accurate figures, just 'rule of thumb' estimates.

Chromite is the one with the greater amount of value but not profitability. Mind you that value is to be realized over decades to not saturate the market. Duration is the plus with chromite.