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: Still hitting higher grades

Poly, if you noticed, I used 10 million tonnes as an example to make the math easy and to be able to use as a factor. Noront has said in a presentation that a major commented : "if you have 30 or 40 million tonnes of this stuff, give us a call". My simple illustration showed a difference of about $5 billion in extra sales per 10 million tons while transporting only a third of the volume. 30 million tonnes would be $15 billion and so on. It is only a simple illustration but the amounts are staggering even with a large margin of error.

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