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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Your right. Thanks for checking my math. Used the wrong column from other calculations.

Gross in-situ metal value of Ovoid in 1996 = $10.9B

$4.3B represents 39% of gross in-situ metal value

Gross in-situ metal value of DE1 currrently = $4.5B

Potential value of DE1 to NOT = $1.8B or $14.06/sh

 

Now all of us should sleep very well tonight. Thanks for checking my math.

 

Cheers

geoprof 

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