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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Message: Re: Misfit calculations : MOOSE

Sep 26, 2007 10:44AM

Moose,

Thank you for finding that.  You are correct in that the hole 2 mineralization is 86 metres.  I will redo the calculations this evening to see what I get.

In terms of the 4000lbs per cubed metre, that came off of this forum.  Again, this is a work in progress so every assumption must be checked.  I have no agenda in doing this work outside of working together with you and others over the next few weeks in continuing to find out what we might actually have in terms of tonnage.  Until then the share price is just lucky happenstance.

I will research the 4000 lbs per cubic metre to see if this is accurate.  Again, this whole post is draft so do not buy or sell based on my numbers.  My goal is to get us to the point where with enough information we can evaluate the longterm potential and risk.

What is great is that we have average % from two holes.  I thought about using 1.88 or 1.56 for nickel but made a leap of faith that after hole 5 we would be at an average of 2% for the area.  2% is also a very common % for world class nickel mines according to some of the research I have done.  Greater numbers can exist over shorter lengths but over an area the averages tend to be between 1 - 2%.

Remember, high numbers mean nothing without tonnage and a mine.  A lot of mines have been built on much less numbers.  I posted an item last night on Nickel mining that may be of interest to some who have not seen it. 

We also have some good information on angles, lengths of core mineralization, and directions of holes.  Much more will be needed but I think this is a good start.  If you find more based on your review please let me know and I will keep this updated and a living document for the board.

Thanks,

M1.

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