Re: Mine valuations after resource confirmed $18.00 + by Wassermann

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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rapidrob

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Re: Mine valuations after resource confirmed $18.00 + by Wassermann

in response to

Mine valuations after resource confirmed $18.00 + by Wassermann

posted on Feb 23, 2008 08:42AM

As to the % of in situ mineral value assigned, it must again be emphasized the favorable impact that high grades will have on both operating and capital costs. Expect the ultimate numbers will be to the high side, especially as more mineral is found in the area.

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