Re: Just spoke to Richard : potential PGE mine / FANTOMAS
in response to
by
posted on
Feb 22, 2008 02:35AM
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)
Only a few samples were sent for the full PGM analysis. They returned great results but do not necessarily represent the whole 7Mt. That is why they have sent more cores for analysis. Once we demonstrate that the grades of PGM are consistent thru out or at least get an idea that the tonnage for these is reasonable, then UP WE GO. This company just has too much going for it and with the Metals market buying as strong as it is and with every drill coming up with minerals of some kind, I believe the tonnage question is already answered. The BMK release yesterday was not bad, the market wanted to see Nickel in high grade and was dissapointed about those results but the amount of silver they found is very good and adds significantly to the in the GMV of the area. VB took over 18 months and they had 12 drills going at its peak. Richard yesterday confirmed that 2 other new drills will be here within 2 months than we will be seeing results faster.Patience my NOT friends, this is going to be a great play that will take a long time show itself completly.
Glorieux