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)

Free
Message: AGM tidbits

"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

Share
New Message
Please login to post a reply