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: Awesome-another hit!! there will be more...
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What the heck are you talking about ??????

I dont want to be the one to pee on the parade, but assays below 1% nickel, 150 meters below surface cant be mined at a profit.

We hit:

6,2 meters @ 1,17% Ni

5,7 meters @ 0,99% Ni

and that´s just for the start.

And for your profit argument: we don´t have nickel only, the nice "by-products" like Pt, Pd, Au and Cu WILL make even lower nickel grades PROFITABLE !

NI 43-101 for eagle 1 the cut off grade was 1% nickel, which means they wont mine a nickel grade below this.

A cut-off grade DOESN´T describe a "mineable" orebody, go and do soem more DD !

PATHETIC !!!

FANTOMAS

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