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: Who exactly does MAC think he is fooling?

2sh1 said:
"One question I have is why even bother with the PGM’s, they work out to roughly .4 g/t combined I am not even sure if you would be able to recover that."
You can recover but can you turn a profit on that recovery is the key question.

In answer Milsy1 added:
"Combining both the Pt and PD, there is a best case scenario of $15.06 per tonne of ore and a worst case scenario of $7.75."

I add that these numbers represent an assumption of 100% recovery. Even if these metals were primary to the deposit no one recovers 100%. As secondary metals to chromite you would be lucky to recover 70 to 80 percent of either one.

Next:
The additional cost of processing these metals out of the chromite tailings is going to cost way more than the value these metals represent even if they could be 100% recovered.

My comment:
This news release smells of a misrepresentation. The recovery of these metals is not economical hence their very mention attempts to imply an economical resource. It does not appear to me to be so. i.e. It does not fly with me.

A sign of desperation?

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