DE1 just got a whole lot BIGGER...
posted on
Feb 28, 2008 06:25AM
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)
...Perhaps. I am looking at latest geophysics http://media3.marketwire.com/docs/Fa...
released with the latest FNC news release, and the first thing that jumped out at me is that that 1-1(NOT DE1), 1-2(NOT), 1-3(FNC), and 1-4(FNC) are situatuated with a 1km oval region and could effectively comprise, and be mined, as a large single deposit of perhaps 40 - 100 million tonnes (if they are mineralized like DE1), which includes NOT's original DE1 along with the adjacent anomalies (2, 3, and 4) ocurring on both NOT's and FNC's ground. Also bear in mind that geophysics only reveal that which closer to surface...
Combine that with the hit on DE2, and whispers of more hits, and it should be clear that the 'picture' of Mc Fauld's Lake has changed dramatically in recent days, and its becoming more an more likely that we have a new major mining camp at Mc Fauld's Lake.
The 'bar' has moved up a few notches, and I think we need to set our sights higher now... A +$30/share market cap is no longer 'pie in the sky'...
**Note: The above are only my opinions based on what I believe are reasonable assumptions/speculations.
Regards,
B.