Nothing like Bogarting the forum

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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Milsy1

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Nothing like Bogarting the forum

posted on Sep 26, 2008 06:46PM

My appologies for my numerous posts in attempt at gleaning understanding in the valuation of our chromite. Hopefully along the way, a few other members will also have heightened understanding as well.

Okay, hopefully the following clarifies my question more effectively:

Are we able to establish the in-situ value of our chromite if we only know the following variables as typically news released via our assays? (and also assuming a ferrochrome price of $1/lb)

For example:

39.1% Cr2O3

35.5% Cr

20.6% Fe

1.72 Cr:Fe

--------------------

With these knowns, can we ascertain how many pounds of chromite ore there are in a tonne (2204lbs) of rock?

Help!

Milsy1

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