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: Nickel #1: how about #2 & #3 of our resources Palladium and Platinum ?
For the past year I have been trying to maintain a proper perspective of the metals at Eagle's Nest due to often forgotten copper. Following data from Eagle's Nest N.I.43-101 dated 2011Mar4 Using Metal Prices from Kitco on late Mar.4: Ni $13.04/lb Cu 4.47/lb Pt 1841/oz Pd 810/oz Au 1432.80/oz. Measured Ni% Cu% Ptg/t Pdg/t Aug/t ====================================================================== Reported concentrations 2.08 1.07 1.04 3.55 0.20 Weights in lb.& oz. 45.76 23.54 .036 0.122 .007 Metal$Value 596.71 105.22 66.28 98.82 10.03 $Value/ton $877.06 5,346,000 Tonnes x $Value/ton = $4,688,442,000 ----------------------------------------------------------------------- Indicated Reported concentrations 1.50 0.89 0.94 3.27 0.20 Weights in lb.& oz. 33 19.6 0.03 0.11 .007 Metal$Value 430.32 87.61 55.23 89.10 10.03 $Value/ton $672.29 5,643,000Tonnes x $Value/ton $3,793,789,000 ------------------------------------------------------------------------ Inferred Reported concentrations 1.10 1.14 1.16 3.49 0.30 Weights in lb.& oz. 24.2 25.08 .04 0.12 .01 Metal$Value 315.57 112.11 73.64 97.20 14.33 $Value/ton $427.68 8,966,000 tonnes x $Value/ton $3.834,758,000 Note that only now in the Indicated category palladium has passed copper in value per ton. p.s. Sorry about the lack of Tabs and CR being recognized.
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