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: My Windfall Lake Valuation
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I really love your study here. I have one question. I can see that a grade of, say 5-10 grams per ton would result in an end value of 10% of total value. You are suggesting 39 gpt in your evaluation. My question is why would the cost factor increase fourfold just because the gpt increased. I would think that 40 gpt would be four times as profitable as 10 gpt.

K

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