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: $3 Nickel

Unless I missed something below is a rough estimate of the LOM Revenue and OPEX. I uped the expected OPEX to include freight and treatment charges because I am too lazy to work out the NSR. Shouldn't be too hard to figure out the NPV using what ever capex you feel is appropriate and an appropriate life of mine.

Tonnes Ni Cu Pt Pd Au
Measured 5,346,000 2.08 1.07 1.04 3.55 0.2
Indicated 5,643,000 1.5 0.89 0.94 3.27 0.2
10,989,000 1.78 0.98 0.99 3.41 0.20
Infered 8,966,000 1.1 1.14 1.16 3.49 0.3
MOZ Resource 19,955,000 1.48 1.05 1.07 3.44 0.24
Measured and indicated
Resource Recovery 90% 9,890,100 1.78 0.98 0.99 3.41 0.20
Planned Dilution 10% 10,879,110 1.62 0.89 0.90 3.10 0.18
External Dilution 7% 11,640,648 1.51 0.83 0.84 2.89 0.17
Mining Recovery 95% 11,058,615 1.51 0.83 0.84 2.89 0.17
LOM Head Grade 1.51 0.83 0.84 2.89 0.17
Metal Recovery 80% 87% 82.30% 74% 77%
Metal Recovered 133,956 79,908 7,644,800 23,682,537 1,446,922
Metal Payability 90% 75.00% 74.20% 74.20% 74.20%
Payable T's or g's 120560.2121 59931.0089 5672441.239 17572442.27 1073615.849
Payable lb's and Oz's 265,232,466.58 131,848,219.58 200084.0198 619832.7563 37869.65186
Aproximate price 6.2 3.1 1300 700 1200
Revenue in '000 $1,644,441.29 $408,729.48 $260,109.23 $433,882.93 $45,443.58
Estimated Cost 110$ per tonne $1,216,447,684.65
Estimated Revenue $2,792,606,510.86
MOZ Resource
Resource Recovery 90% 17959500 1.48 1.05 1.07 3.44 0.24
Planned Dilution 10% 19755450 1.34 0.96 0.97 3.13 0.22
External Dilution 7% 21138332 1.25 0.89 0.91 2.93 0.21
Mining Recovery 95% 20081415 1.25 0.89 0.91 2.93 0.21
LOM Head Grade 1.25 0.89 0.91 2.93 0.21
Metal Recovery 80% 87% 82.30% 74% 77%
Tonnes Recovered 201,416 155,939 14,963,310 43,480,568 3,217,751
Metal Payability 90% 75.00% 74.20% 74.20% 74.20%
Payable Tonnes 181,274 116,954 11,102,776 32,262,581 2,387,572
Payable lb's and Oz's 398,803,631 257,298,864 391,628 1,137,998 84,217
Approximate price 6.2 3.1 1300 700 1200
Revenue in '000 $2,472,582.51 $797,626.48 $509,116.67 $796,598.62 $101,060.17
Estimated Cost 110$ per tonne $2,208,955,641.75
Estimated Revenue $4,676,984,452.21
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