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: The Xstrata Riddle

Mining will not start on parts of the ore body, it is just not economic. Mining will only be considered when enough ore if found for long term sustained mining. For that they need at least 50 to 100 million tonnes of nickel ore.

This is what Xstrata and others are waiting for.

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