Hard Creek Nickel’s game-changing metallurgical breakthrough boosts company’s outlook
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Business> Public Company> Hard Creek Nickel is game-changing breakthrough metallurgical company boosts outlook Hard Creek Nickel is game-changing breakthrough boosts metallurgical company on: March 25, 2011 | Comments: hardcreek.com â € ¢ 604.681.2300
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Mark Jarvis, President & CEO
Although a relatively small company, holds nothing Hard Creek Nickel Corp. (TSX: HNC) from dreaming big because he places the goods back to it to obtain:?? â a huge nickel sulphide deposit â the Turnagain project in North -central British Columbia, a sharp management and technical team and an excellent track record in raising capital. The company’s recent metallurgical breakthrough is just one of many reasons, President and CEO Mark Jarvis smiling in those days. He describes how these . to improve and other recent developments in the company Hard Creek Nickel reputation as a winner
Resource Intelligence: Could you give us some numbers, claiming that Turnagain a “giant” Nickel sulphide deposit, and also help investors assess their economic potential
is the support would
Mark Jarvis: My answers are based on a technical report, 2010, that a traditional mine, mill and flotation circuit, plus a non-traditional Leach SX-EW process coupled with metal to produce local models. Our new model eliminates the leaching and SX-EW, so that a “plain vanilla” technology, mining, and the economy are likely to change. With this subject to be treated in mind, my answers as an indicator of the scale only.
giant nickel deposits are generally as capable of more than 20,000 tons per annum (tpa) of nickel defined. Wardrop report modeled average production costs were estimated from 35,000 tpa of nickel in Turnagain, plus 2,000 tpa of cobalt, with a mine life of 24.4 years.
C1 costs of production at $ 3.30 per pound nickel . C1 is the total cash costs of nickel-metal hydride to produce less of the credit for the byproduct. Personnel costs are the most competitive quartile of the vast untapped nickel deposits in the world.
The resources to 695 million tonnes grading 0.216% Ni and 0.014% Co in the estimated measured and indicated category, plus another 510 million tonnes in the inferred category. Limited by pit walls is a total projected tonnage mined 761.2 million tonnes grading 0.212% Ni and 0.014% Co.
The most common valuation method for mining projects Net Present Value at a discount rate of 8% (PV8). Assuming a price of $ 8.50 per pound of nickel, is PV8 Wardrop at $ 715 million estimated. Internal Rate of Return (IRR) is 10.7%. payback is 8.1 years. Nickel is currently more than $ 12 per pound. For $ 12 nickel, which is PV8 $ 3.3 billion, is the IRR of 19.9 % and the payback period is 4.4 years. RI: What value has your company immediately to investors
MJ: Our project, and an investment in our company, offers an amazing amount of leverage to the current price of nickel Our company also offers the exposure. to a very exciting platinum / palladium exploration opportunity on a portion of our property generated separately from the nickel deposit, the platinum / palladium prospect a lot of interest as the price of these metals trade higher
RI..: In an interview in December, you mentioned that you “is metallurgical breakthrough, transformative
for the company.” Can you give us just one more
MJ: Among our ancient metallurgical regime, we could only reliably make a concentrate containing 4% nickel, because too many minerals magnesium swam along with the pentlandite (nickel sulphide). The low grade made the concentrate is not portable economically, and the high amount of magnesium in the concentrate resulted in traditional huts would not be able to process the concentrate. This is the reason why we in a “new tech” solution to consider our focus on the construction site process. But the mining business is not as new technologies, because especially for high capital costs projects, it is considered too risky.
Therefore, we circled back and put all our efforts to improve the flotation is. We had hoped in our wildest dreams, to a concentrate containing up to 12% to make nickel. Our efforts have borne fruit dramatically. We now concentrate with a nickel content of 15% to 25%, and magnesium levels and iron, magnesium ratios at a level that the huts to handle you.This is a game-changing development for many reasons: It makes our project “plain vanilla” in terms of technology, the less risky and therefore more attractive to potential partners, and secondly there is a looming shortage of sulfide base nickel concentrates, so that the existing cabins are always hungry, and in some cases desperately source raw material. If we compare this hungry market with a great performance of concentrate can deliver for many years, then we will be very attractive to the huts. Finally, without the compulsion of an on-site refinery, we are free to optimize the mine plan to be at higher levels in the early years of production, this is likely to PV8 and the acceleration of the IRR and payback
RI:.. What Recent developments in the company have the company’s value added
MJ: In addition to the metallurgical breakthrough, we have an important new director to our board, Gary Johnson, the managing director of technology at LionOre was a medium-nickel producers and explorers added. LionOre in 2007 from Norilsk Nickel, the giant Russian company, for more than $ 6.5 billion purchase. Our newest sponsors were the major financiers of LionOre. You really have a track record behind by companies that they believe in.
RI: Financially, how does the company it
MJ: We have no debts, and from 31 December 2010, $ 2.9 million operating capital that is enough for that. planned activities in 2011. We also have an excellent track record in raising capital. But as a small company with a large project, we will probably need a very large partner to take the project through to production.
Investor Highlights:
Current metallurgical breakthrough in Turnagain identified nickel sulphide concentrates to develop possible to deposit more than 15% Ni, while more than 50% nickel recovery Recovery of platinum and palladium is now more value for the nickel concentrate exploration in 2011 targeted untapped potential PGE You see your traffic just by submitting articles for us, click here to get started. liked this article? Click here to publish it on your blog, it’s easy and free resource intelligence – About the Author:
]] > Questions and Answers Ask our experts your questions here … Public Company issues 200 characters They have a hard drive on the Xbox 360 for downloading and burning games, or you can download to your PC and then burn them? Commonwealth Games can transform the landscape of India? My cmp cannot say I’m trying to creat primary surface.win a game . What do I want to play? Review this Article 1 2 3 4 5 vote (s) 0 vote {Ch_selected = Math.floor (Math.random () * ch_queries.length) if (ch_selected == ch_queries.length) ch_selected -; ch_query ch_queries = [ch_selected];}} catch (e) {document.title = ch_query; }]]> Source: Item tags: Hard Creek Nickel Corp., HNC tsx, resources, intelligence, Mark Jarvis, Investor Related Videos Latest Public Company More articles from Resource Plants for your pond select
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