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: Ring of Fire chromite deposit shows good economic potential [the numbers]...
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Ring of Fire chromite deposit shows good economic potential [the numbers]...
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oiramoric
Apr 12, 2011 02:21PM

Strange that the author of that article uses the phrase "price tag" to describe the Undiscounted Gross Revenue of $12.64 Billion. The lay person that does not dig a little, might infer that the CAPEX is $12.64 Billion.

I am also surprised that the stripping ratio is 1:27 as I am so used to seeing numbers for other metal deposits at ~1/10th or less of that.

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Re: Ring of Fire chromite deposit shows good economic potential [the numbers]...
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oiramoric
Apr 12, 2011 02:50PM
Re: Ring of Fire chromite deposit shows good economic potential [the numbers]...
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luker
Apr 12, 2011 02:57PM
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