I caught Hanson's BNN interview today and though it was good. He says in his over 30 years in the business he has never seen anything like this belt of discoveries. But there are models like the Bushveld. The prattle about lowlands swampy land was just that - the discoveries are actually right on the edge of the Shield and just along the edge of the Lowlands.
And note that Debeers has very recently brought in it's brand new diamond mine into production. Guess where - out to the east towards James Bay and in those lowlands. As a big scale open pit mine. And just a $1 Billion capital investment. So Freewest or Noront holders should not waste any time thinking you could not do a mine.
Unlike diamonds, where the production can be flown out in little security bags, the McFaulds ores when they go to producion will need a rail and or road. These will not be the first such in Canada. A wonderful cross Canada rail ine happens to run not all that far to the south (within reason - no mountain or frozen ocean in between).
But read up on Debeers and then on the Bushveld Province and you can concieve what may be turning Hanson on. There is no crime in making a bid if others want to let there holdings go at a yard sale price. It's seller, not buyer beware. He says his Eagle One is "ribbon-like" and a ribbon tends to be elongate and slender from my experience.
Hanson staes that it extends at least down to 1000 meters, but 1000 meter shafts cost quite a penny unlike shallow open pits where you can start mining at surface (like stripping ols pavement off the TCH) right at surface.
Voisey Bay is an open pit - one big shallow outcropping rock quarry. They happen to have another +- 100 MT of resources or potential resources at depth at VB (of lower and maybe some Ovoid-like high grade), but that will need a study later.
The interviewers made comparisons to Vosiey Bay bur Voisey Bay is a flat lying fat long, 30 million tonnes cigar sitting on a ridge of high grade Ni-Cu like a gift from Thor . In comparison down to 180 meters Eagle One had less than 0.5 MT of such high grade - actually higher grade than VB but rather small. The remaining 2.4 MT was only around 1% Ni (with Cu & PGes also), not a third of Vosiey Bay grade. This is from last falls NOT Tech report.
If similar tonnes per vertical meters are eventually proven to 1000 meters, unless things change it would maybe give 2.5 to 3 MT of such high grade to such depth. I have to wait like everyone else to see whether it gets better, but I have not seen the evidence to date. It looks from release like more of the same. No insult but no free cigar either.
I did get a very clear message in Hanson's BNN interview. He called the chromite discoveries "orebodies", which for a geo of his background clearly indicates they can be mined at a profit. And Freewest clearly has the greater part of the chromite, wi5th NOT, KWG, SPQ and PRB having the other bits.
It is just so hard for me to beleive that he things it is the best he has seen in over 30 years but wants to take the bulk of it for $ 90 million in paper shares he can get newly printed. A good interview - I respect he is astute in trying to get to get something for nothing. I go to yard sales for that. And I might dump my jusn at such a sale. But why give away a piece of a likely future Bushveld comparable? It makes zero sense. There is certainly no law against them trying.
