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: Who exactly does MAC think he is fooling?

From every thing I have read typical mine chormite grades are between 30%-60%, I would say with 60Mt if the deposit is can be completely mined with a reasonable stripping ratio on the surface there is no reason it couldn’t be a mine. That being said I am still not 100% convinced that any chromite deposit thus far in ROF would be worth the capital expenditure of a chromite concentrator and chromium smelter. 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.

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