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 math

New math

posted on Mar 09, 2010 09:56AM

Triple the resource = 9 billion dollars.

10% in situ is 900M

Divided by 200M is $4.50.

Rough figures but conservative I think.

Nothing for blue sky, AT12, vandium, chromium. JJJ.

IMHO.

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