Re: the $1890 per tonne @40% is fromAug 19 news release on NOT

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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Relic53

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Re: the $1890 per tonne @40% is fromAug 19 news release on NOT

posted on Sep 14, 2008 10:50AM

I looked at the slide show and yes it does say the contained metal value (high Carbon 65% Ferrochrome) in a tonne of 40% Cr203 is $1890. But we would have to build a smelter to get this. From your numbers it definitly looks like it would be worth it for NOT to build a smelter.