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: AafabVentures, I Salute You !
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With all due respect, there is a maxim in the mining industry......"only the lowest cost producers will survive". In addition, lowest cost is measured in $/unit of weight of product, which reflects grades mined, tons processed and all operating costs to produce the product. Capital costs are not considered in the calculation.

Can you provide a modern example from the mining industry where flooding a market with a "cheap" commodity has actually occurred and what the consequences were?

Thanks

Respectfully submitted

geoprof

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