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: can someone run the numbers?
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Eagle's Nest Nickel 10M to 20M tons.

Approximate value 6 to 12 billion dollars.

10% in situ = 600 million to 1.2 billion dollars.

Value per share at 10% in situ $3.00 to $6.00 (approximate).

5% in situ = $1.50 to $3.00.

Voisey Bay = 40% in situ.

No value given for blue sky, JJJ, chromium, vanadium, titanium, AT12.

No value given for Cliffs building a railroad although that should put the in situ value up.

Value if a takeover bid ???

Are we undervalued?

IMHO.

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