Nickel Equivalents
posted on
Sep 02, 2009 10:07PM
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)
In a post a little while back, I stated hole 49 results in a gold equivalent. (for those did not see it and care to, here is the link, http://agoracom.com/ir/Noront/forums/discussion/topics/358084-equivalents/messages/1199716#message)
For we Noront folk, nickel is certainly the most topical so I thought it would be beneficial to provide hole 49 results (E1B and E1C - one dimensional) in a NI equivalent and also those for E1A: 43-101 compliant.
Nickel Equivalents are:
E1A | ||||||
2.39% | Nickel | 52.58 | lbs | |||
1.27% | Copper | 27.94 | lbs | |||
1.37 | Pt | gram/tn | 0.044051 | oz | ||
4.5 | Pd | gram/tn | 0.144695 | oz | ||
0.13 | Au | gram/tn | 0.00418 | oz | ||
4.21 | Ag | gram/tn | 0.13537 | oz | ||
$610.03 | USF | Gross Metal Value | ||||
$8.18 | NI Spot Price | |||||
3.39% | NI Equivalent | |||||
E1B | ||||||
1.20% | Nickel | 26.4 | lbs | |||
0.50% | Copper | 11.0 | lbs | |||
0.9 | Pt | gram/tn | 0.028939 | oz | ||
2 | Pd | gram/tn | 0.064309 | oz | ||
$300.75 | USF | Gross Metal Value | (no silver or gold) | |||
$8.18 | NI Spot Price | |||||
1.67% | NI Equivalent | |||||
E1C | ||||||
2.40% | Nickel | 52.8 | lbs | |||
1.10% | Copper | 24.2 | lbs | |||
1 | Pt | gram/tn | 0.032154 | oz | ||
5.1 | Pd | gram/tn | 0.163987 | oz | ||
$586.21 | USF | Gross Metal Value | (no silver or gold) | |||
$8.18 | NI Spot Price | |||||
3.26% |
NI Equivalent |
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Again, keep in mind that these values are GMV based upon the current spot price for nickel and these values do not represent recoverable values.
If one were to classify what is posted on this forum as either Technical or Fundamental analysis, I suspect that the majority of posts would fall within the Fundamental realm. I am a fundamental guy who understands that if I understood TA, I could ultimately make more dough. (without being trumped by news) Being a layman, I do appreciate the TA posts from the likes of COS, yangzhh and others. Keep' em coming.
By virtue of OUR collective DD, I will continue to hold the majority of my shares (might have to put a new roof on the house soon) until the end game. Bring it on Wes!
Cheers!!!!!!!!!
Milsy1
Note: Mucker, how are these grades at depth? :)