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)
Message: Platinum Group Metals Rising....Rhodium..Wow
With the current price of PGE's on the rise, we must know that the value of our deposit continues to rise with it. And just look at Rhodium and ask yourself how much Rhodium does it take to make any deposit economic. I for one cannot wait for the assays on Rhodium to arrive, which surely will only add additional value to our ore body.
Source: Kitco Metals:
Finally, rhodium continued a strong rise to $9,475 per ounce last Friday. The metal would gain 1.5% from the week prior as well as rest above its 10-day through 120-day moving averages. Real annual gains remain the highest among the metals at 48%.
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