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: Drilling cost per meter

That is just so hard to calculate because of all the things that have to be factored in. You have a lot of support staff and logistics expenses involved so it's not just the drill and crew. Lots more than drilling further south. Figure one drill two shifts can do 50 meters a day.

I'd be surprised if less than $300 a meter ? Just a wild guess and someone else might have better idea.

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