Ni, Co, Cu, PGM, Au Properties in Ontario Canada
Producing Mines and "state-of-the-art" Mill
Hub Controls
  • Demo Video
  • Upload Photo
  • Edit Company Profile
  • Add a Link
  • Update Fast Facts
  • Add Management Bios
  • Private Messages
  • Edit My Profile
  • View/Edit My Portfolio
AGORACOM News Flash

MARKET PRESSURE = BUYING OPPORTUNITIES

As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater. 

Follow AGORACOM commentary on:

  George's Blog    Grandich Blog

AGORACOM Micro-Blog

Liberty Mines Inc > Message
Ticker

Re: News.....Hart Project

Posted by: Sarlock on June 23, 2008 03:31PM

In response to: Re: News.....Hart Project by mikeyman61

It's a pretty nice grade, especially over that many tonnes. McWatters is 0.92%.

"The estimate has determined an indicated mineral resource of 1.4 million tonnes with an average grade of 1.50% Ni, and an additional 0.3 million inferred tonnes with an average grade of 1.36% Ni. These tonnages represent the largest NI 43-101 compliant resource in the Shaw Dome identified to date."

1,400,000t x 2205 lb/t x 1.5% = 46 million lbs nickel

At $10 nickel, that's $460 million in revenue over the life of the mine. Can't complain about that...especially if we can make a net profit of $1 or $2 per pound (or more if nickel prices improve). McWatters has an estimated 9.6 million recoverable pounds of nickel. So if Hart's 46 million lbs has 35-40 million economically recoverable pounds of nickel, it makes it about 4 times the size of McWatters in terms of economic significance, giving us the mine longevity we need to form a nice foundation to build on... especially if we find significant amounts of recoverable nickel at depth.

Post a Reply

Please login to reply to this message.

President's D.D.
The best source for detailed insight into all aspects pertaining to Liberty Mines Inc. read more