Value of just original Eagle 1 as per 43-101 tonnage now stands at 1.657B dollar

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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Value of just original Eagle 1 as per 43-101 tonnage now stands at 1.657B dollar

posted on Aug 04, 2009 10:48AM

Indicated	Ni lbs (Mil)	Cu lbs (Mil)	Au (Oz)	Pt (Oz)	Pd (Oz)	Ag (Oz)	Total
Total	79.2	47.6	9100	66200	230500	224400
spot price	$8.64	$2.71	$962.00	$1,240.00	$275.00	$14.57
Value	$684,288,000	$128,996,000	$8,754,200	$82,088,000	$63,387,500	$3,269,508	$970,783,208
Inferred
Total	57.2	30.5	4600	47900	157300	147000
spot price	$8.64	$2.71	$962.00	$1,240.00	$275.00	$14.57
Value	494,208,000	82,655,000	4,425,200	59,396,000	43,257,500	2,141,790	686,083,490


Total	Value	of Eagle 1					$1,656,866,698

The value per ton here is excellent at $592 per ton with current spot prices. Most indicators point to PGE and base metals to keep increasing in value so this price per ton should keep rising. If we get the tonnage to justify a mine, which seems to be very close now, this will be very profitable for whoever mines it!