Re: Ther BIG SCORE
in response to
by
posted on
Feb 15, 2008 09:42AM
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)
This is what a lot of people much smarter than us are betting on. I am hoping for VB 2 of course. The biggest difference is that VB had the Ovoid at about 30Mt of ore and the Eastern Deeps at about 110Mt of ore. So far we have found one body with about 5Mt of ore, mind you that would be worth about 10Mt of VB ore since our concentrations are about double. The price of Ni has also tripled since then, so dollar wise, our 5Mt may be worth as much as the Ovoid was at that time. Judging by all the anomalies, we may find many small deposit at surface (close to surface) and find the motherload only later at depth. Only drilling will tell us although I am very curious to see the geophysical surveys at depths from DE1.
Glorieux
The geo of the anomolies are the same, meaning the same type of base rock, same age and their formation was as a result of the same event. As per the professor from U of T (can't recall his name) these are 'flows' that are (or were at some point in history) connected and are close in proximity meaning they are from the same magmatic source. Everything points to similar assays.