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: Re: My Estimates/Implicatio... of assays from E2, E3..Rhodium etc..

May 20, 2008 09:48AM

Franz, you are right in that at AT3, only visible copper was reported. When John is giving Ni equivalent %, he means that the average value will be close to that value in Nickel dollars, Not that Nickel is present in that concentration.

In AT3, that value would come more from copper and PGEs while at AT2, Nickel would be predominant, probably followed by PGEs and then copper. The biggest and best indicator and I agree with John here will be the PGEs at E2. If these number's surprise on the upside, that will be great news for all involved.

Glorieux

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