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: Re: Cost of Road
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Dec 28, 2007 08:09AM
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Dec 28, 2007 08:19AM
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Dec 28, 2007 08:23AM

Just to clarify a few things said todayand yesterday by a variety of people.

The two million cost estimate for the road is based on the price of a road per kilometer, being built to the reserve that is closest to the Not discovery. So this is a very acurate estimate.

According to the information provided by Noront it was Zinc Noront was looking for at Double eagle when they made this rich, nickel, copper etc find.

With a low estimate, not validated 43-101(yet) we have about 7 million tons of ore with a minimum $800 per ton value. That is 5.6 billion tons of resource at a minimal mineable depth. Digging even this low estimate of ore would be more than profitable to any company that has the ability to do it.

As far as the present anomily, there has been no indication they are anywhere near coming to the end of defining the size of this pod.

And of course this does not even look at Windfall which is why a lot of us longer share holders bought this stock in the first place. Windfall would take it's own page or two.

Keep the Faith

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Dec 28, 2007 08:37AM
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tau
Dec 28, 2007 11:39AM
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Dec 29, 2007 05:28AM
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gee
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