Rhodium numbers

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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Francis Dube

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Rhodium numbers

posted on Feb 19, 2008 08:01AM

The Rhodium at 0.84Gr/ton is equivalent to 0.02963 ounces which adds $252 per ton at $8500. This does not even thouch all the other "iums" so our average grade just went up very significantly. this is great news people.

The remainder was soft in regards to Nickel but not bad either when you consider the cut off for nickel is probably around 0.2%. We are still adding some tonnage which is important.

Warmest regards,

Glorieux

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