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??

I am a little confused by the direct shipping of 3% Ni, where are they shipping it? I have a hard time believing a smelter would be able to do anything with it (and I can't seamt to find Hoov's post). I am not 100% but I believe typical concentrate grades (shipped to a smelter) would be in the vicinity of 30-50% Ni. Would the direct shipping be to a concentrator in Sudbury, and anything over 3% is uneconomical to ship?

Not saying it is impossible but I have never heard of a mine that ships ore 1000 km to be concentrated by someone else. It means the mine would be paying to ship 9700 t of waste for every 300t of Ni. I would prefer a more traditional plan that mines at a .5-1% cutoff and concentrates on site. Seems to me this would avoid substantial costs and logistical headaches especially if the deposit ends up being deeper then 1200m

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