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: Nickel Equivalents

Nickel Equivalents

posted on Sep 02, 2009 10:07PM

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

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? :)

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