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: Eagle 1 alone - valuation estimators - a question
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Re: Eagle 1 alone - valuation estimators - a question

posted on Jun 25, 2008 10:02PM

When you talk in terms of 3 or 4 or 5 million tons, are you talking about that many tons of measured resource, indicated resource and/or inferred resource? In order to apply the kind or value per ton that many have ($800 or so), and to try to get to a share value based on that calc, are only the tons that are measured used, or measured and indicated? And would there be much value given in the market place for inferred resource?

BTW, nice rumors - hope the darn thing is true.

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