First Nickel Announces the Results of the Ni 43-101 Reserve Estimate and Mine Plan Prefeasibility Study Completed on Lockerby Depth Zone

http://www.foxbusiness.com/story/mar...

Rusteze, you might find this note interesting

"The Study derived the reserves from an estimated Indicated Mineral Resource of 2.89 million tonnes grading 1.78 percent nickel, 1.23 percent copper and 0.06 percent cobalt at a 1.0 percent nickel equivalent cut-off grade. Conversion of the upper part of the resources, above the 69 Level, to reserves yielded a Probable Mineral Reserve of 1.838 million tonnes grading 1.69 percent nickel, 1.16 percent copper and 0.06 percent cobalt. Reserves were estimated using a 1.5 percent nickel equivalent cut-off grade, 15 percent dilution, and 91 percent extraction."