Re: compare with Raglan mine then: may be we are better

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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bernardho

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Re: compare with Raglan mine then: may be we are better

in response to

Re: compare Voisey Bay

cappysmart

posted on Aug 24, 2008 06:56PM

Nickel - LME Price Charts

LME Nickel - Charts ... Place mouse over price line to see data points. ..... Jan 1996. US$3.727 37952 MT Feb 1996. US$3.640 35493 MT Mar 1996. US$3.644 ...Today ~10.00/lb

Raglan,set to begin production in 1997,was one of the largest nickel mines launched in years,with estimated reserves of 18 million tonnes in 1995 ( from Cappysmart)

The above is the criteria set.

As of today, Noront has >1.8 million to NI and

Multimillion ton of CR which is = 3.5 % of NI...( from Noront report)

if >1.8 + 5 million ( assume) CR = 6.8 million ton but our current NI price is > 3 times more than in 1996 then it means 6.8 x 3= 20.4

our in situ resources in monetary term for sure is better than Raglan mine at the time of 1996....besides our % of NI is richer..and our report was based on assays results up to July 3rd...