SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Nuinsco Resources (NWI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Buckey who wrote (1791)3/17/1999 11:33:00 AM
From: mineman  Read Replies (1) of 5821
 
600 m X 100 m X 2.3 m = 140,000 sq.m X 2.7 t/sq.m = 370,000 tons.
It is very early in the drill program, but the one zone appears small and uneconomic.

8% Ni = 160 pounds Ni/ton X $2/lb = $320/ton nickel
$320 X 370,000 tons = $120 million (U.S.) gross nickel metal value

Factors which could change this estimate:
The zone's width could increase down plunge to the east.
The zone could be well over 1 km long instead of 800 m.
There could be a series of further zones of similar grade.

But the results to date indicate the zone will turn out to be high-grade but relatively small and uneconomic.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News