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: WINDFALL RAMP UPDATE - NOT TOO OPTIMISTIC,POLY !
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May 18, 2008 12:21PM
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May 19, 2008 07:46PM

That's why the payback on getting the ramp is basically a given. However to obtain value of $130 Million (roughly a dollar a share) requires a lot more resource.

Not sure what the cost per ounce for mining/extraction/processing will be as underground costs vary so much depending upon deposit types and grade. Have to wait for Noront to do resource calculations to get a peak at those figures. My feeling is don't hold your breath because they'll be too busy hauling out gold to put a lot of time into a 43-101 .

I shouldn't try to outguess Nemis since once they are at the ore bodies they will be able to horizontally drill from underground and come up with a rough resource estimates for some of the ore bodies. Will be very interesting to see and maybe blow some socks off.

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