Mucker's analysis

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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khareema

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Mucker's analysis

posted on Jul 17, 2008 04:32PM

Have spent the last hour trying to absorb this latest release, and the accompanying posts on this forum.

Foremost is that I note Muckers post that 1% nickel is not economical to mine. He is quite correct. The infrastructure required to bring that ore to surface is prohibitive on a stand alone basis, which is what he stated. That is life.

That having been said, I was busy composing a further statement, when "Been There" presented his post. Everything else I had intended to say he has already stated and probably much better than I could. I agree with everything he says. Eagle 2 ( now blackbird 1) is going to be a company maker, but to date it is because of the chrome. The nickel there will be a bonus, especially as they are still chasing it and will find more.

Now we have a potentially fourth hit at AT12. Time to start planning the celebrations maybe.