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: Re: Economics-Miskealp
14
CMP
May 28, 2009 05:11AM
15
CMP
May 28, 2009 07:45AM
2
May 28, 2009 10:22AM

Mike, that is great info from Miskealp 1 on Open pit mining. As sure as there will be an open pit mine, probalbly many seperate ones that may eventually join up over time and all subject to pricing fluctuations as far as extraction of economic grade goes would you not stockpile the low grade knowing that eventually the low grade will come into play as prices rise and would have the extraction costs allready built into the high grade?

Our BOD, having just announced the return of Johnny or June to further investigate the 28.5 meters of Nickel they found 70 meters below Eagle One are obviously going after the nickel crown again. Current nickel prices aside, hopefully they are looking long and hard at the 43-101 on Eagle One and are considering ramping up the extraction of the highgrade resources in anticipation of getting haul road access into the ROF.

As depressed as prices are Eagle One still has a 1.1 Billion dollar value today using the indicated and inferred numbers, extraction of the highgrade would be IMO the best way to get the quickest return on investment, by having the Nickel out of the hole and stockpiled sorted to grade and ready for shipment.

The BOD could well use the announcement of commital to extraction of the highgrade as the cattle prod towards the all weather road construction.

JMO.



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