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: Todays Trading
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So if my calc's are correct (based on $20B and 225m shares o/s) these are the following share prices at the different developement stages.

$20B x 1% insitu = $200M / 225 shares = $0.88

5% = $4.44

10% = $8.88

20% = $17.78

Of course this is assuming there's no more share dilution. ;), and NOT isn't bought out before the 10% stage.

I'm wondering if the $600M buyout figure is still be thrown around?

Cheers

mgb

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