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)

Free
Message: Re: Summer stock option Patterns - Credit for value.
11
Aug 10, 2010 02:45PM

We used to talk about the chromium because Freewest was on our minds, no longer. We now talk about nickel because of the following.

My estimate of contribution to the value of Eagle's ton of ore is:
Ni $440
Cu $80
Pt $70
Pd $60
Au 0?
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Total $650/ton (Massive$750, Disseminated $550)

Sorry but you are off base. Platinum and palladium are great compared to resources of other companies but compared to the nickel and copper of Eagle's nest they are at third and fourth place.

While I agree with everything else you said Sum, the precious metals at Eagle are not trump material. Granted, precious metal do hold a psychological sway on many investors minds so that is where the trumping could come from but I say there is no factual evidence for it at Eagle's Nest.

Note, I have stated several times in the past that the lowly copper is more important to us than either platinum or palladium and it is more invisible in people's minds than the other two. It deserves it's proper place.

It is the dollar contribution to our profits that matters and not any particular metal and it is obvious above that nickel rules at Eagle's Nest.

Just trying to set the vision straight.

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