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: Mining costs - interesting article

There is a point to which the majors will conclude that the area warrants the cost to build a mining camp....the question is....what is the tipping point? Once that point has been reached, any further development reduces the overall cost.

So....what do we have so far

DE1.....between 1MT and 10MT...many here are assuming 5MT...I believe way back Sprott used the number 3MT

DE2....still way to early to tell....but I'm sure it adds to the mix, as does DE3

.....and let's not forget drill results from BMK, SPQ, FWR and others

.....what we have is multiple finds...how many of those individual finds will someday warrant the cost of putting in a mine

.....a huge benefit is the near surface finds

The question....what is the minimum overall cost to warrant the cost of the infrastructure? Then afterwards....what would be the minimum find to warrant additional mines afterwards?

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