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: Why Not To Worry!

Why Not To Worry!

posted on May 21, 2008 05:38PM

Correct me if i'm wrong but we are in the neighborood of 4 million a month for a burnrate with 50-60 million in the bank. So that gives us 12 months to hit a few home runs before we go back for more cash if need be.

We have drilled approx. 20-30 holes in DE-2 with 3 drills turning we have a whole lot going on so now the question you have to ask yourself is where will we be 12 months from now.

12 months from we will have proven the link or ghost bridge between DE1-DE2. There will be multiple eagles found. 43-103 will be out with more tonnage being added to it. They were talking about drilling deeper at DE1 where they beleive the mother load could be.

There are multiple jv's we could have spectacular hits with and possibly more jv's to come remember RN wanted control of 80% of the ROF so really i could care a less if the sp went to .29 cent next week or the week after because before the next 12 months are over it could be $29.00 or higher. I won't even get into Windfall.lol.



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