jondefur

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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cappysmart

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jondefur

posted on Dec 31, 2007 08:51AM

With all due respect here is a portion of your post

Newmont bought recently a gold mine in Mexico with an in situe Metals value of about $4.5 Billion and paid $2.2 Billion...approx 50% value of the in known reserves

I read "gold mine" quite clearly which most certainly implies that a good portion of infrastructure costs have already been met ie.roads/rail,power,mining equip.,mill,housing etc.,etc.Newmont bought all of that PLUS the in-situ resource.

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