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: Just spoke with Richard ...a question to tcp1002 svp-Peter
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Jul 31, 2008 11:38AM
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Jul 31, 2008 11:59AM

Richard has said many times over that he cannot wait for this 43-101 report containing info from Prof Mungall on the Chromium as it will open the doors to discussing it properly. Drawing comparisons to other sources of chromium, comparing grades, thickness, economics of mining. Because this report is submitted under a third party, it is deemed as factual and results from it can now be discussed freely by management which currently is not at liberty to discuss. I believe once the shakles are removed and comparitive analyses can be made, the world will start to understand how precious this Chromium is. Again, when doing DD, do not look at reserves as this is very misleading, look at cost of production-that is the key!

G.

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