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: view norant richmond club presentation see link below

I am wondering if anyone has watched this? It seems that there was not much, if any discussion about this, or am I missing something?

Much of what was said supports my beliefs that this story is developing some very large legs...

One if the things I found quite interesting is that they are already putting some numbers out regarding potential deposit size and value.

It was stated clearly during the presentation that the current known surface dimensions are roughly 50 X 100 (maybe it was 150?), and it is open at depth...

White (presenter) suggested that if the deposit extends to a 250m depth, which is a reasonable speculation given that it is a VMS deposit, that would be 5 million tonnes with a rock value of $1000/tonne based on grades so far... That's a $5 billion deposit.

So there we have it, the issue of tonnage is already being discussed in circles much "larger' than ours.

Regards,

B.

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