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: US Government to secure mortgage market with gold

US govt has 8,000 tones of gold... sounds big untill you do the math.



32,152 oz / tone = $28 million / tone @ 872/oz



This equals $224 billion ... I quess it will provide some backing for the trillions of bad dept they throw into that vechical.

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