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: Old vs New resource.. I had to read again...

Old vs New resource.. I had to read again...

posted on Mar 09, 2010 01:03PM

Sorry my calcs were wrong. I had included the massive and added it in to the calculation. I think its right now. That is what happens when I get all excited. Let me know if this look better... Sorry for the mistake..

Old resource
Tonnes
Indicated Ni Total Pounds Cu Pounds Pt Oz Pd Oz
Massive 233,000 6.52% 33,421,520 3.45% 17,684,700 14,500 91,400
Disseminated 1,601,000 1.30% 45,788,600 0.85% 29,938,700 51,700 139,100
Infered Massive 217,000 7.00% 33,418,000 2.86% 13,653,640 20,900 82,000
Disseminated 870,000 1.24% 23,733,600 0.88% 16,843,200 27,000 75,300
Total 136,361,720 78,120,240 114,100 387,800
$$ $ 1,356,799,114.00 $ 262,484,006.40 $178,566,500.00 $176,449,000.00 $ 1,974,298,620.40
New Resource
Tonnes
Indicated Ni Total Pounds
Massive 1,300,000 5.31% 2.16%
Disseminated 6,900,000 2.04% 309,672,000 0.95% 144,210,000 320,357 837,857
Infered Massive 300,000 4.60% 1.87%
Disseminated 4,300,000 1.42% 134,332,000 0.87% 82,302,000 122,857 522,143
Total 444,004,000 226,512,000 443,214 1,360,000
$$ $ 4,417,839,800.00 $ 2,253,794,400.00 $ 4,409,982.14 $ 13,532,000.00 $ 6,689,576,182.14
Total Change 3.26 2.90 3.88 3.51 3.39
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