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: Dundee Report does not take into account grades...

Sorry for being to vague in my post. I had no question or reference about chromite. It is all about nickel/coper grades. My statement was only to generalize that NOT's grades are economical and increasing as we prove up more tonnage. Thereby, as our grades increase and tonnage increase we would need less tonnage to get the same amount of resource per tonne. In hindsight I should not generalize,

Regards Jay

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