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: COMMODITIES - (Wednesdays Close) + AU/FeCr
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COMMODITIES - (Wednesdays Close) + AU/FeCr

posted on Apr 23, 2009 03:44AM

Gold ended higher yesterday on a weaker U.S. dollar versus the euro and physical demand firmed in top consumer India ahead of a key gold-buying festival. U.S. gold futures for June delivery settled up $9.80 (U.S.), or 1.1 per cent, at $892.50 an ounce in New York.


CLOSING PRICES (SPOT)


Gold US$/troy ounce 889.03 5.06

Silver US$/troy ounce 12.28 0.25

Copper US$/lb 2.06 0.02

Lead US$/lb 0.67 0.00

Zinc US$/lb 0.65 0.00

Nickel US$/lb 5.20 0.01

Merafe Resources CEO Steve Phiri believes that the ferrochrome price has bottomed at the European benchmark price of US69c/lb. Phiri’s belief that the price “can only go up from here”. Phiri made this forecast after the second-quarter (Q2) level had fallen US10c/lb below the US79c/lb Q1 price.

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