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: The Bottom Line...Mucker

Re: The Bottom Line...Mucker

posted on Jul 04, 2008 09:14PM

Hi Mucker,

I have to disagree with your 3rd point, as it is speculative. We do not know how much more nickel has been found. Nor do we know how many other anomalies will have hits with high grades of nickel. In fact, the JV with FWR has a similar signature to Eagle One, although much more work is needed, to prove this up. Miss Kealp has reported that there is a rumor that drilling will be commencing on the property in this coming week. And so, there may be endless supplies of good metal grades, or they may not be any more at all. It's unknown, although with the info. that we have, I would bet on something closer to the former, rather than closer to the latter.

And maybe today's NR was to appease the market, partly, but it was more to do with getting out the story about the Chromite discovery. If you remember, the market would not allow any comparisons to other Chromite finds, without more proof. And this was the first step to making that happen, IMO.

I don't want you to eat your words. Nobody, for that matter. Just wanted to express my viewpoint. No disrespect intended whatsoever.

Good luck to all of us !

strato





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