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redbackrules

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20/01/19

11:43

Post #: 37167491
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Originally posted by Rhama ↑

Originally posted by redbackrules
Rahma
How many tonnes or Nickel Ore are needed to be mined in a year to make 10t of Nickel?
And would you like to revisit your calculations.
RED
That would very much depend on the mining method used. If, for instance, SGQ decide to go underground, then there will obviously be less overburden to be moved. I'm no expert on the cost and effectiveness of different mining strategies but from past underground experience - in opal mining - a miner has the ability to follow the veins. But then there's the added cost of shoring up the underground shafts. I'm as interested as anyone to know how SGQ will mine, if or when they prove a resource.

My calculations are meant as a guide only. If you, or anyone else, would like to estimate the value of SGQ's palladium content in a 10,000 tonne PA mine, then go right ahead. There are obviously many variables to consider.

Cheers

Rhama

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Rhama
I am not trying to be condescending but about 250,000t of high grade nickel ore would need to be mined (assuming 4% grade) to produce 10,000t of nickel in concentrate. The method of mining was not the point I was raising.
RED

SGQ Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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