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: Re: Meanwhile 400 miles SW of the Ring of Fire
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Meanwhile 400 miles SW of the Ring of Fire
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mynot
Jul 28, 2010 07:20PM

Do not want to rain on your parade Mynot from yesterday's post re Nokomis Resource but comparing to NOT's values of $650 per Ton just to show how great we look.

Prices per Kitco metal calculator they are:
0.639% copper, 0.200% nickel, 0.660 grams per tonne
Copper 14 lb = $46
Nickel 4.4 lb = $41
PD approx. 1 gram=.03oz = $15
Total $103
or
Copper equivalent of 1.51%=33 lb. = $107.

Our $120 operational and overhead costs means about $500 profit per ton before taxes.
So their costs should be cheaper but even with only $50 that leaves only $50 and there are taxes royalties and what have you. Not very economical while we are like a great gold mine by comparison.
Just ball parking on the dollar values.

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