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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Quiz, I have not seen the Genuity report (are you able to provide the link?)

By the numbers that you provided, they are apparently using a tonnage of approx. 3.0 million which I think will prove to be on the low side.

Also, would you have any insight as to why they would use 7% GMV? I suspect it is formula based but am not certain.

 

Milsy1

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