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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"NOT went to around $7 when they were roughly at 130 mil. What will it fetch for 300 plus mil?"

The missing piece in that equation is how much were the known assets then and compared to what they are now. Throw in that ratio and apply it to the 7 bucks (early 2008) and you may have an idea as to where we might go.

A bit over twice the number of shares now but the in ground assets must be way more than that. Guess just Eagle 3 million tons in early 2008 compared to 20 million now? Have not got the time to do the numbers now.

One may have to throw in a fudge factor for the state of euphoria in the markets then and now. That should be a negative number.

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