As I have stated before, the NI 43-101 will take about 9 months..... therefore some time in March. Go look how much time and research is needed to present a proper NI 43-101. It involves much more than putting all the drilling results together.
There is no guarantee that Phase II, the preliminary economic assessment, will come out at the same time as the resource calculation. Likely the NI 43-101 will come out with various resources calculations dependant on grade i.e. x number on tonnes grading 0.3%, y number of tonnes grading 0.6% etc. The preliminary economic assessment cannot be calculated until the resource is known. From there, costs are calculated that take everything into account for costs. I just read an article on the soaring costs of open-pit mining and will post it as soon as I can find it again. So.... maybe another 6-9 months after the NI 43-101. Both phases may take until 2010 before completion.
Whoever it was that said that maybe Langmuir#1 and Langmuir#2 were maybe connected is probable wrong. The geology of the Shaw Dome is such that "pockets" or nodes of nickel bearing rock occur and not long massive stringers. And oh wolfie, Lagmuir#1 and #2 were not always economical, they were both last closed since they were not economical anymore (so says the Inspiration website). Yes the price of nickel has gone up but so have all the related costs. Do you know how much diesel it takes to run those ore-hauling trucks out of an open pit?
Any ideas as to why there were so many last minute 100 share trades last week hitting the ask ? Seems odd.
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