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)
Message: Re: 10% glorieux
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10% is 10% regardless of grade.Higher grade only means that the 10% is more valuable.When Inco bought the Voisey's Bay deposit it was said,by industry standards,that they overpaid by a considerable amount and they inherited a bagful of problems along with it.Aboriginal land claims and Friedland's 2 seats on their BOD just to name a few.They must have had incredible foresight to gamble on the future prices of Ni,Cu and Co.That deposit has only recently began producing.
cs
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