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: Am I reading this release properly?
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According to Ray Goldie's book, "Inco Comes to Labrador", the value of DE1 per share should be calculated on the basis of 70% of the Net Present Value (NPV), not 10% of the Net Smelter Royalty (NSR). The NSR value is used in the calculation of NPV. However, I'm not a mining analyst and can only assume that what he said is more or less common practice for valuing mining stocks amongst the investment community.

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