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: HappyTrader - MJ - doublewide
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Nov 06, 2007 04:07AM
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Nov 06, 2007 05:32AM

Nov 06, 2007 05:32AM
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pw
Nov 06, 2007 05:53AM
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pw
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Nov 06, 2007 10:04AM
MJ

Nov 06, 2007 10:35AM
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Nov 06, 2007 11:09AM

When I first tried to make up my back of the envelope calc model a month or so ago I got exactly what you presented (more or less) and took great pains to state that given the nature of the deposit (very irregular shape) based on the data then that I was being very conservative and cautious with the calculations (dataand all). Since then the general very conservative and cautious quick estimation this morning produced roughly what you show. Keeping in mind my conservatism and comparing to the critically accepted calculations posted by others back then I felt that it would not be out of line to double my calculated estimate and be just on the low end of the critical estimate of the others on the fourm. Consequently, if you were to approximate the double on your calculation then you would get ~ 3 million, and I am expecting that will also be just on the low end of the critically accepted estimation that others will soon be posting on here. So, lets see what the others arrive at. Then as I recall from your post, it is open at the South (south west where it has been stated that it is widening to the west).

As for the Shorters, they must live with what ever value they put on the deposit, especially if they intend to use it as there trading guide.

We each live with our personal take on life, and I like it that way.

Old Joe 

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Nov 06, 2007 03:36PM
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