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: New Exploration Roundup Presentation

With respect ot Eagle's Nest deposit we can forget about the 10 million tons, that is old info. The conservative figure seems like 15 million and not too optimistic is the 20 million ton that is begining to be suggested.

My argument is that we are no where from finished is defining the resouce. It is open at depth and it seems to be getting better with depth. By the way I made a similar comment about quality with depth last summer and was ridiculed for saying so. I also said then that this will be a mine.
I am again going out on a limb.

As I'm in the habit of repeating myself, I also was saying that the copper is being neglected compared to any precious metal. It is more valuable to us than either the platinum or palladium by about 30 percent. Glorieux's posted table shows that. Copper price is very tightly linked to the economy. There is no problem with selling it in large quantity.

Resource quantity is not an issue any more.
Infrastructure, while expensive, is not so in relation to the already known ore deposits in the Ring. Keep in mind that this is not the end of the exploration, nor the middle but still The Begining.

As for the issues with the natives, would they bother if there was nothing to bother about. Everyone wants their piece of the pie and there are squabbles as to who gets how much. That is quite normal and should be expected. The fact that aquabbles exist is testament to the great future ahead.

Thanks for the work with the table Glorieux, Cheers.

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