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: AGM tidbits/peter
19
mgb
Oct 18, 2012 12:47PM
8
Oct 18, 2012 04:21PM

"At the recent AGM, Wes said there would be road arrangements made by the beginning of 2013, and construction of the road starting hopefully by the winter of 2013/2014."

Hi MGB

Glad that you attended meeting.

referring to the above:

1. I assume that "road arrangements" means the movement of heavy eqipmwnt;supplies;fuel, housing , etc over a winter road this 12-13 winter thus enabling the start on the portal/ramp, hence enabling the FS schedule. Comment?

2. "construction of the road". I assume that this means the year round road from portal to Webeike??

3. In my above interprtations are correct and hence permitting all but done, then I cant help concluding /speculate that :

a) Infastructure funding (and no/little dilution) in the bag; Joint fed/ON infastructure ( announcement prior to ON election, but after new lib leader selected;

b) FS economics was low- balled;

c) dilution not coming ?

d) FN land ownership/rights legislation announced "soon" by Feds and gets FN onside.

MGB, as you said, : "This post could be a work in progress post."

Regards, Peter

2
Oct 18, 2012 05:04PM
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Oct 18, 2012 05:13PM
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mgb
Oct 19, 2012 09:20AM
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Oct 19, 2012 09:34AM

Oct 19, 2012 09:42AM
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