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: A few more Numbers..
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A few more Numbers..

posted on Aug 11, 2009 12:38PM

May 9, 1995 - Geologists estimate the Ovoid Section of Voisey's bay contains approximately 25m Tonnes of ore at (my estimate of presumption at the time) 2.75% nickel. The Eastern Deeps have not yet been discovered, nor has Reid Brook Zone. Share Price is $56/share, and by June 8, 1995 moves to $80/share. With an estimated 25,000,000 shares outstanding:

Market Valuation:

$ 1,400,000,000.00 Approximate Market Cap to $ 2,000,000,000.00

and given an estimated

1,512,500,000 lbs Ni

This works out to $.92/lb to $1.32/lb of Ni in Market Valuation.

Given the spot rate of Ni in 1995 which held at approximately $4.00 for most of that year. We could also say that the market valued Diamond Fields at 23% to 33% of the spot rate of Nickel.

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