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: Junk
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Douger, "Eagles nest can hardly be considered an economic deposit at this point in time.' That is nonsense. If this deposit is not economical then none on this planet are. You must be not familiar with the economics of this deposit to make such a statement. Economical does not mean that you are producing at a profit at this very moment but that it also can be profitable at any future time. A company having 1% nickel deposit no matter how large it is may not be profitable and a mine may not be built because it is near borderline profit wise, BUT a company that has 2 or more percent nickel and a substantial bonus from other metals EVEN if infrastructure is not present, and there may be difficulties in that being built, that infrastructure will be built eventually and so will the mine. No doubt about it. Finally, one can value a company on the metal in the ground. All you need is a fair assurence that it exists in the quantity and quality that you say. And yes you can take it to a bank or financial company. Eagle's profits are to be nominally 5 times the expected operating expenses i.e. $600/ton vs $120 to process it so to say it is not economical is a blatant lie or an inability to judge basic numbers. And Eagle's Nest can be and will be very profitable once the necessary infrastructure is present and a mine is operating.
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