Re: Please correct me if I am wrong chromite value per share numbers.

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: Please correct me if I am wrong chromite value per share numbers.

in response to

Re: Please correct me if I am wrong chromite value per share numbers.

Cylinder

posted on Sep 14, 2008 01:32PM

Am I bad I thought I had lost that previosu post, accidently posted it prior to finishing it, here is the full post.

These numbers that are being so freely thrown around are derived from past NOT news releases and the inferences contained within these news releases, together with general knowledge regarding the value of the involved metals. From there it is just calculations to determine what NOT may be holding onto. This should be calculated and discussed; Although NOT may not be able to directly tell us what they have in terms of $ value, due to rules and regulations, they have done the next best thing which is to try to describe or outline their value in terms of the size of the deposit. (Comparing it to Kemi, Sukinda Valley or Ipueira-Medrados deposits.