Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Re: Hart Scoping Study
3
Mar 02, 2010 08:48AM

Mar 02, 2010 09:43AM
1
Mar 02, 2010 12:13PM

I don't understand the marketplace. The report is done at $7.US Ni -90 cents Cdn

LoM net smelter revenue is estimated at $246 million

Undiscounted pre-tax LoM cash flow is estimated at $87.8 million dollars (over 38 months) and if we don't spend the $13million on the rail system it is $100 million

"We anticipate implementing the monorail system after exploration below 500m confirms the existence of deeper mineralization at Hart; similar to the deep mineralization found to 1150m at Redstone"

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