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... Pt and Pd corrected.

Old vs New resource.. I had to read again... Pt and Pd corrected.

posted on Mar 09, 2010 03:14PM

This is the last time. Sorry for all the clutter but someone pointer out that I had Pt and Pd numbers that were way too low. I cut and paste the calcs in and was using 9.95 for all so the copper price made up for the pt and pd downfalls.. Here is the correct numbers.. Sorry once again.. TTY

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 $ 783,731,520.00 $693,630,357.14 $618,800,000.00 $ 6,514,001,677.14
Total Change 3.26 2.90 3.88 3.51 3.30
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