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: d12 was being very conservative
18
Apr 04, 2008 09:31AM

It is true that nobody knows the tonnage right now, however I would be willing to bet some NOT shares, that RN and the core group of GEO's in this company have a bottom line as to the minimal tonnage that is very conservative and accurate. With that said remember the IBK representative at an earlier presentation doing the misspeak of 70 million tons. Well I have no doubt he meant 7 million and that was many months and drill holes ago and you don't throw out a # like that unless you are confident using the best available information. At the recent luncheon they did a presentation that was directly comparing DE to VB using both a physical and financial buy out comparison. This of course is the speculative part of NOT at the moment, but again to make such a high level presentation putting your companies reputation on the line you have got to have confidence in the people and their project to be so bold. Let's keep in mind for a company to self promote is questionable but for major investment and money organizations like, IBK and JB Morgan to do the promoting is a HUGE vote of confidence for Richard and his team.

Keep the Faith

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