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: Thanks Stratopod- replied to your message
Do say on your Mineable Grade Estimate? If only it were only Ni in them there Ores! With the compilation of Metals/Minerals we have in hand and the likely prospect of additional Platinum Group Metals soon to be reported you may well need to get to revising your Cut Off Mine Grade Ore Estimate or else you will be treading water all the way out of your Share Position. At this point in the Discovery Nickel is but the highest Grade Mineral in the ground at Eagle1. The Precious/Platinum Group minerals are more than equal in value. That makes the minimum Cut Off Grade somewhat a lower level. The Extraction Process will be the determinant of how low we can go. And we can, in my estimation go much below .5% Ni. Be sure to include all relevant factors in any calculations. Government will want to maximize their Resource Royalty cut for the infrastructure contribution they will eagerly put into the area and they know as much about the 'Dismal Science' as does anyone these days. Thus, the final Cut Off Grade will need to be properly set not only by the Financial contributor to development, but by the Government and Development Company calculators as well. Such is the MODERN Economy and the push to Maximize RETURN ON INVESTMENT, and Efficiencies of production/valuation... Old Joe
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