Re: PGM's a Bonus

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Re: PGM's a Bonus

in response to

PGM's a Bonus

LTGoldBull2

posted on Sep 20, 2007 03:14PM

Hello @ all,

I am reading this message board since a few days. Up to now, I was mainly in Uranium and Rare Earth.

Is PGM really a big deal? I have a look on Hole NOT-07-01.

Nickel 1,8 % at 30,000 $/ton is about 540 $/ton.

Copper 1,5 % at 7,000 $/ton is about 100 $/ton.

Platinum 1 g/t is about 1/35 ounce at 1300 $ is about 37 $/ton.

Palladium and Gold are even less in value. I have not seen a hint that Hole 07-05 or another hole has more PGMs. Therefore, I think the Nickel is the real deal, and Platinum is a nice add-on. Is that wrong?