Voisey's Bay Ovoid Zone, Labrador
The Ovoid Zone of the Voisey's Bay deposit consists of 31.7 Mt of near-massive to massive sulphides, mainly pyrrhotite, pentlandite and chalcopyrite. It is approximately 70% massive sulphide, grading roughly 2.8% Cu, 1.7% Ni, 0.1%Co. The Ovoid is about 900m long, 500m wide, and is over 100m thick at the center. The top is 2.5 to 30m below surface.The zones which comprise the Western Extension have about 29.6 Mt of indicated and inferred resources. These occur as thin lenses of massive sulphides. This part of the deposit is discontinuous and approximately 1600m long, 150m wide, and 20 to 70m thick.
Scales are approximately equal, roughly speaking. for comparison only.
BLACK THOR in the RING of FIRE, as big as VOISEY's BAY ? ? ? Could be, IMO. ! !
I hesitate to suggest that the BLACK THOR alone is BIGGER than VOISEY'S BAY,
but the numbers give me real pause for thought, to ponder that possibility.
From all that I can determine, Voisey's Bay OVID Deposit will yield 31.7 Million Tonnes of ore,
averaging about 2.83% Nickel, and 1.68% Copper, and 0.15% Cobalt over the life of the deposit, according to the Newfoundland & Labrador Government.
The Nickel in this deposit, valued at $7.50 per lb, plus the Copper here, valued at $3.25 per lb,
adds up to approximately 17 Billion Dollars ( $ US ) of METAL.
In the RING of FIRE, the Resource Estimates now floating around, throwing out the highs and lows range from 50 to 150 Million tonnes, in the BLACK THOR Deposit. Just like there are three known deposits at Voisey's Bay, there are also three here, BLACK THOR, Black Label and Big Daddy.
BLACK THOR, estimated roundly at 100 Million Tonnes will serve for a comparison. Using the lowest of grades applied to it in 'guesstimate', we could apply 20%, so that there are 20 MILLION lbs of Chrome Metal in BLACK THOR. If we convert TONNES to Pounds and multiply by a LOW price of 80 cents US per lb, we get 32 Billion Dollars of Metal within the BLACK THOR Deposit.
This is a nasty, down and dirty, qwk & dirty estimate I have toyed with for over a week, referencing numbers from sites online. Your invited to come up with your own ideas, your own math. This idea has been rolling around in my head and needed some Fresh Air, here and now....
I have not even touched CLIFFS figures of its own for the
revenue, but it will all seep into any number of forms of NET PRESENT VALUE Calculations that will be forthcoming, with various inputs and premises. The last time I did that the numbers were so “OFF THE SCALE” that I hesitated to share them.
In preparation for these numbers I always go back and read the definition of ORDER OF MAGNITUDE, which I think will come into play, perhaps in further offers for the RING of FIRE
CHROME FARM DEPOSITS.
Since PROBE, FANCAMP, SPIDER and KWG are still intimately involved, FREEWEST may get the lion's share of the spotlight, but it still points to a long way to go until this whole mining camp settles down and the dust clears.
