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: A couple quick thoughts
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1% = 2,5 M // 100% = 250M
250M for only Eagles Nest divided by 303M outstanding shares = 0,82 per share

So how can 0,82 for only Eagles Nest be a bad valuation?
You mentioned; Noront believes EN is worth 250M. More important: RCF agrees!

The feasibility study showed a NPV at a 8% discount rate of 543M.

So buying back 0.5% might not be such a crazy thought as EN is believed to be much much bigger.


If Eagles Nest alone is 0,82 how much are;

- Blackbird
- Big Daddy
- Black Thor / Black label?

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