Setting the standard

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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From_Sudbury

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Setting the standard

posted on Nov 04, 2007 05:33AM

I finally had time to view the AGM...lots of good info and I just love to hear Mr Nemis speak; he seems so genuine.

One thing I found of interest is the discussion with reference to forming joint ventures and, as he put it, setting the standard. Now there was a news release afterwards indicating a joint venture agreement with WSR Gold Inc. The comment he made suggested setting the standard...so this announced joint ventrue agreement may be the first of several under quite similar terms (roughly valued at $400,000 cash equivalent and $1.5 million exploraiton commitment in the first year and a further minimum of $200,000 cash equivalent and $3.5 million commitment to exploraiton over the next couple years).....that's my interpretation anyways...

Now what I'm wondering is this.....the claims with respect to this joint venture agreement....where exactly are those claims located? and.....what is the potential of those particular claims in relation to other claims given such factors as ground geophysical results to date as well as results from the airborne AeroTEM-s surveys to date....

Now it seems from the latest news that they've optioned out 15 claim blocks and they currently have 173 mining claims....I would think some of these may be more valuable claims than others given the above mentioned factors