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: Has anyone bothered to do a calculation on...
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Has anyone bothered to do a calculation on...

posted on Sep 23, 2008 07:26PM

...the present value of the Chromium contained in the Chromite (ore) rock.

Using rounded values for the data given in today's NR I came up with an approximate value of roughly $1800.00 per tonne of Rock in the ground, IF the Chromium contained in the rock is appeoximately 30% per tonne and the Ore is processed (upgrades) prior to sale at a Deep Harbour Port.

Any one else with a calculation they could shear with us?

Old Joe

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