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)

Free
Message: I think our Co CEOs did a good job

I do not know when they achieved the 1.5M burn rate...that is the big question I believe. The 18M figure came from me as that is what one of my sources said. I formed the question: Do we still have at least 18M left at this time, and the answer was yes. So we could be as high as 24M but I think it took a little while to get our burn rate down to 1.5M and we are probably closer to 18M. He said they are going over all the finances right now over the next few weeks and will have a better idea of where things are after that. I plan on calling again in 3 weeks time to see where we are at more precisely. Will post the results.

G.

Share
New Message
Please login to post a reply