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: Gold @ 862....and rising eom
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Gold @ 862....and rising eom
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Junior112
Jan 02, 2008 06:35AM

It could be an indicator of chinese money coming back.

The FRS supplied the banks with funds to cover cash shortage for the last month as well. The throuback of these funds is between 2 and 3 weeks. Taking into account the holidays the are ready to hit the market.

This is a part of the global picture. Another important factor is Ni price comeback. The end of 6 mnth downfall will mean a new push for exploration companies.

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