Re: Some thoughts

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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Francis Dube

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Re: Some thoughts

in response to

Re: Some thoughts

khareema

posted on Jan 14, 2009 06:19PM

Karheema,

I completly agree with you vis-a-vis the metalurgical testing, this will prove to be a very important piece of the puzzle for establishing a value for our Chrome.

As far as our drills our concerned and conserving our burn rate, I believe we owned the first 3 drills and these are new drills that are contracted out but I could be wrong. I also believe that although we our decreasing our burn rate, we are increasing our focus and hence Windfall is under Care and Maintenance and our efforts in the RoF are more concentrated: 3 drills all around the same periphery of Eagle 1 and 2 new drills around the Blackbirds. Having these drills concentrated in only 2 areas would lower our burn rate while increasing our ROI by drilling our most prospective areas. Also, the road that is being built from the landing strip to the Eagle 1 area confirms that they are planning on being there for a long time and would also contribute to reducing our burn rate as it will save on helicopter costs.