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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Re: Chrome question - South Africa

posted on Jul 21, 2008 06:54AM

One thing to keep in mind when comparing our finds to those in South Africa is the cost of labour. I was there in 2002, and with their unemployment rate so high, infrastructure projects used manpower instead of bulldozers to dig ditches, because it provided work, and it was still cheaper.

Not sure how much effect this would play in a mining operation, but I am still guessing that it would cut into the bottom line somewhat.

We may have to settle for a measely 150% ROI, lol.

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