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: Chromium - factoring value of NOT's recent hits
16
May 28, 2008 06:04AM
Seawind - yes, we have taken a different approach, but since the press release gave an exact percentage of chromium (Cr) that we had, and since the most current average price for Cr I could find was in U.S. dollars per metric tonne, I feel confident in my calculations. However, you are right to consider the cost of processing the Cr2O3 to obtain the pure Cr. There may be a percentage of waste as well, so that the Cr recovery is less than 100% of the contained metal (similar to processing other metals).
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