Re: What does this mean, from today's release

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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phats

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Re: What does this mean, from today's release

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Re: What does this mean, from today's release

IAMSUDBURY

posted on Mar 30, 2010 10:47PM

If I was a company looking to take a piece of or the whole project, the more resource proven up the more I would pay for it. So to answer your question, I would say yes it makes it worth more. Would you pay more for something you think is worth X amount of dollars or you know it is worth X amount? Proving up a resource takes time, inferred resources sound to me like an educated quess of what is there.