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: Thank you Hoov and Geoprof

Old Joe, with all due respect, I do partially agree with you. Yes, the total costs will be less for shipping a concentrate than unbeneficiated ore. However, I was referring to the cost/tonne of transporting anything whether by road, rail or somehow else to and from the McFaulds area........its going to be relatively expensive, no matter how you cut it.

Regards

geoprof

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