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: Big Day?

Any news they release has to be before the AGM through a NR and not during the AGM
because that would be privilidged information to those attending. This might even
apply to those watching the satellite link.
HOWEVER, the satellite link just could be the excuse to release some profound news
and give them the excuse of saying 'All had an equal opportunity to receive.' I hope that is the case here.

p.s. Someone (Curt? ) wondered about a week ago about what the share price could be due to Eagle alone?, my version is:

In ground 8 billion $
Above ground 4 billion $
(Typical 50% recovery of capital after operating and royalty type costs.)
Mine construction 600 million
Net $ 3.4 billion
Shares out 200 million? ( near term, probably more)
Per share $17

Actually I expect about 60% recovery of the value due to the exceptional richness of the ore ( 65% might even be resonable to expect).
Above ground 4.8 billion $
Mine construction 600 million
Net $ 4.2 billion
Shares out 200 million?
Per share $21

Share
New Message
Please login to post a reply