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 43-101 explanation??

"Yeh but the point I am getting at is the table does not match the numbers."

Yes, they do not match because the table starts at 0.5% cut off grade while the initiial tonnage listed above the tables is with no cut off - i.e. the 11.2 million tons is all the known tonnage.

At today's prices the usable ( break even?) tonnage is probably about that 0.5% or

5.94+4.05=9.99 million tons.

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