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: Don't want to burst our bubble, but..

Hi Millsy,

When PGM mines come in, they add together the values for Platinum, palladium, rhodium, iridium, osmium and rhutenium to get a valuation. In your calculation, you omitted the platinum and the palladium. If we are talking about a PGM mine, we need these included in the calculation. So could you see what your model would give if you add these 2 metals. Thank you for doing such a great job with these calculations.

Glorieux

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