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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You are absolutely right. There is plenty of chromite, the question is who can mine it the cheapest. This means an analysis of grades and proximity to surface. The less overburden and waste you have to move, the less it will cost you. The better the grades, the less ore you have to move to get a pound of processed ferrochrome. The infrastructure cost is the same for all. This will all boil down to who defines their resource first and who has the cheapest end product.

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