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)

Free
Message: 43-101

43-101

posted on Jul 04, 2008 08:09AM

The issue of a 43-101 has been discussed for months. I have always been of the opinion that it would be premature to have a resourse estimate prematurely while we are still doing extensive drilling and I have consistently posted that opinion. There is always the danger that the market gets fixated on this one orebody or partial orebody which may disappoint and we will see shortly how it is received and maybe it has already happened. In my following of the company and the releases, the estimation is what we expected and this is now the official tangible value. The key factors going forward is this is only one asset of many. E2 and other anomolies are being drilled extensively. The JV's have committed to spending $7.9 million in the next six months or so and a further $21 million in the following 24 months. The VTEMs have been done and targets are being selected. The geological information has been shown to be very similar to Bushveld and to follow a pattern over nearly a hundred kms which we refer to as the ring of fire. There have been other hits by other companies that validates this ROF theory. And lets not forget Windfall. I am seriously down on this stock but I have done a fair bit of research. For me it is an investment and I have a few years to wait for my investment to be proven.

Share
New Message
Please login to post a reply