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: Approx. value per Ton of Eagle.

"Edgy says the orebody is worth $650 per tonne."
CMP, That is from using Kitco metal value calculator.
Average Indicated: ~$750
Average inferred: ~$550
But these are metals in the ground.
For more realistic value, take off 20% because recovery is typically 80%.
About 90% for primary metal and it can drop to as low as 60% for third or fourth metal.
So recovered metal becomes $520, subtract operating cost of $120 you get a round number of $400 per ton as profit before taxes etc.
I like round numbers.

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