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: Just spoke to Richard
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I think a  43  101 should  be  done  when they  know  they  have  at  least  5 million  tonnes of   high grade  ore...... Just  as  ARU  held  off  untill a significant  deposit was  proven  up.

 

There are  more  than  enough  analysists  and  geos watching  NOT  to determine  the   volume and  net   insitue  value of   Eagle 1....

No  need  for a   43 101  for  at  least  a  year....  unless  an offer  is  presented....  then the  43 101  can be  used as an  excuse to delay  a pre-emptive  bid.

If  a 43 101  is  done  prematurely it  could  spawn an  earily  takeout  of  NOT  before  full  value is  achieved  for  shareholders....JMHO

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