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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I think LT has given a fairly pessimistic assesment, at least on Eagle's Nest with the one billion dollar price tag for it.
Eagle's Nest is so rich that the comparison of 40% as true value of it is itself inappropriate.
The nickel ore once sold and all expenses covered should still leave about 60% in our coffers.
However as you Sum say, the rainy day scenario is probably on the order of 20% but in no way down to 10%.
There is Noront's nickel ore on one hand and on the other hand are other ores and of other companies and they do not compare to our nickel ore.
Yes compare our chromate to others, I think that is fair.

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