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: Re: Something to consider....
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Mar 07, 2008 02:35AM
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Mar 07, 2008 03:09AM
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Mar 07, 2008 03:14AM
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Mar 07, 2008 05:53AM

QQ,

You wrote, "I also wondered if it was a direct message to the "big boys" - back away ! ?"

 

Can you elaborate on that thought?

 

The reasons I can see for an NI 43-101 delay (all speculative) include:

1) The delay in receiving assays has pushed it back.

2) Management has decided that DE1 has the potential to be much bigger than they thought (remember the in-hole em testing and the em bursts they have been conducting,) and they would prefer to wait and come out with a much bigger resource. (very good news)

 

Naturally, any other mineralisation discovered - DE2, DE3 and the 'ghost bridges' would be in addition to DE1.

The downside is that listing on the TSE may also be delayed.

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