CHROMITE

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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Thistime

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CHROMITE

posted on Jun 29, 2011 09:38AM

It is interesting to note that some feel that there could be up to 3 Chromite mines developed in the ROF. Besides Cliffs and NOT,there could be PRB. This ,IMO, probably could not be economically justified .

I just do not see 3 mines up there. One Chromite operating mine at the most IMO, so there will likely be further consolidation with a major likely taking out all 3 of the major finds in due course.

Who will end up ultimately owing and operating a Chromite mine up there ,IMO, is the big unknown at this time.