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: Re: Improving Loony! Repercussions?
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Jun 13, 2017 11:53AM
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Jun 13, 2017 07:25PM
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Jun 13, 2017 08:28PM
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Jun 14, 2017 12:39PM
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Jun 14, 2017 01:37PM

As example:
Yes oil priced in US dollars favours us when our dollar is lower so by that logic should we depreciate our dollar to 10 of ours to theirs one?

My argument is that the pricing should not have been agreed to in US dollars. That agreement was foisted on us by US oil companies where we practically do not own our oil, those companies do.

The flip side of the pricing argument is that we pay for imports in our depreciated dollars, so are we compensated for that by the oil pricing in US dollars?

I argue, Definitely not.

Further on, what does that have any relevance to the discussion on this forum.

Wellll, if we agree to such pricing terms on many aspects, will we not do so with our native neighbours of the Ring OR more profound, on any infrastructure funding deals with US or China.

In true christian fashion, they slap us on the cheek, so we present the other.

History does repeat because we are slow to learn from it. Ed.

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