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: Value of the Chrome / Nickel combined

The figure you give for the value of Chrome is that for the Big Daddy deposit, which isn't the same as Not's chromite. Big Daddy is larger and a little richer. However, prices have risen since the study was done, so the figure could be applied to Not chromite in a ball-park figure kind of way. Just try to be accurate as possible when citing valuations.

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