Re: Editorial: The Cliffs Notes on the Ring of Fire

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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Edgy

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Re: Editorial: The Cliffs Notes on the Ring of Fire

in response to

Editorial: The Cliffs Notes on the Ring of Fire

luker

posted on Nov 28, 2013 04:20PM

"Ontario, please stop saying the Ring of Fire is worth $60 billion."

Not worth that much but that there is that value of known ore in the ground.

A big difference.

I do not know the specifics but for the chromite I suspect to get one billion of dollars worth from the ground at least half that value has to be spent to get the finished product to market.

Hence I use a rule of thumb that it's value is no more than half of the chromite in the ground.

For comparison, Noront's nickel ore I guesstimate that about 80% comes out as clear profit, pre tax of course.