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Large Mineral Resource: 5.5 Moz PGM+Au, 2.9 B lbs Ni+Cu (M&I) with 13.8 Moz PGM+Au, 7.0 B lbs Ni+Cu (Inferred)

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Message: The High Grade

Dec 08, 2011 09:14AM

Dec 08, 2011 01:39PM
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Dec 08, 2011 10:44PM
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Dec 09, 2011 09:53AM

Dec 09, 2011 04:54PM

Dec 09, 2011 05:52PM

Going by the presentation we have about 50M tonns of ore at a 1% Cut off that contains more than 1.5% Nieq. The value of this ore is over $275 a ton. Now lets say our costs are on the high side since we are only going after the super high grade and our costs per ton are $100. With $175 profit a ton at 50M tonns that is still over $8,000,000,000.

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