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: Talked briefly with Wes... I will bite....
58
Aug 29, 2010 10:47PM
4
Aug 30, 2010 02:13AM

When you use the phrase we have almost quadrupled the resource you can not go back and use what used to be the resource. It is well known with a 43-101 that we have 11m tonnes. You can say oh we trippled it before but no we have almost quadrupled the 3mil tonnes. It does not make sense. When you say a statement like that you would be using the current known resource size which is 11mil.

At least that is how I take it.. I have been wrong in the past.. :) TTY

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