Re: High cut off

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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96klite

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Re: High cut off

posted on Jul 07, 2008 09:24PM

Exactly my point Rosedale. The market is caught up with the "rule of thumb" that 8 to 10 million tonnes is the only thing that will warrant a mine. Wrong. If a profit can be turned after total expenses, it will be mined. Because of our grade, the 2.9 Million tonnes is enough to achieve the above. Work the numbers people. The majors will be....

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Perhaps we need to re-release the 43-101 with the lower cut off rates so we get our 8 to 10 million tonnes. Then the stock price will move! We know what we have, we just have to educate the market, players. ( and I'm learning more and more from the great posters on this board - thank-you!)