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: Spot value of Eagle 1a average per ton is now $646

Spot value of Eagle 1a average per ton is now $646

posted on Feb 17, 2010 07:58AM
Indicated Nickel Copper Gold Platinum Palladium Silver Total
$9.04 $3.23 $1,126 $1,538 $431 $16
% % g/t g/t g/t g/t
1.96% 1.18% 0.15 1.12 3.91 3.81
lbs lbs Ounces Ounces Ounces Ounces
1ton has 43 26 0.004823 0.036013 0.125723 0.122508
value/ton $388.72 $83.98 $5.43 $55.39 $54.19 $1.97 $589.68
% of value 0.659206 0.142416 0.00921 0.093929 0.091892 0.003347
Inferred Nickel Copper Gold Platinum Palladium Silver
% % g/t g/t g/t g/t
2.39 1.27 0.13 1.37 4.5 4.21
lbs lbs Ounces Ounces Ounces Ounces
1ton has 52.58 27.94 0.00418 0.044051 0.144695 0.13537
value/ton $475.32 $90.25 $4.71 $67.75 $62.36 $2.18 $702.57
average value per ton for Eagle 1a is 646.12525

When you look at the value per ton for each mineral, you can see why many rightfully see us as a nickel play. About 2/3 of our value is nickel, everything else added together is only worth 1/3 so we linked to nickel wether we like it or NOT.

Glorieux

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