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: just calculating....

I just thougth I would use my handy dandy noront resource calculator to see what percent PGE's and Copper we have in the deposit. It looks like 10% comes from Platinum 11% from Palladium and 11% from Copper.This is $$ not volume.

i thought I would show what a hit to 2500m would look like.. Thats if it does not get any wider on the way down..

Resource Expansion Calculation
From 43-101 New M3 of Rock Tonnes of Rock %Ni Pounds of Ni Total Ni $$ Cu/Pt/Pd Total
Length 110 110 3630000 11,311,080 2% 498,592,406 $ 4,487,331,657.60 $ 1,480,819,447.01 $ 5,968,151,104.61
Width 30 30
Depth 1100 2500 8250000 25,707,000 2% 1,133,164,560 $ 10,198,481,040.00 $ 3,365,498,743.20 $ 13,563,979,783.20
Mass Weight 4.34
Diss Weight 2.98 Difference $ 5,711,149,382.40 $ 7,595,828,678.59
10% Mass 90% Dis 3.116
7
Jul 06, 2010 10:30PM
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