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)

Free
Message: Re: the whole picture
Reply New Message
Back To Forum List View
the whole picture
40
khareema
Jul 06, 2008 08:41AM
Re: the whole picture
8
sambone
Jul 06, 2008 09:37AM
Re: the whole picture
15
khareema
Jul 06, 2008 10:13AM
Re: the whole picture
4
sambone
Jul 06, 2008 10:40AM
Re: the whole picture
5
AlsoFromSudbury
Jul 06, 2008 11:44AM
Re: call with mac watson ceo of freewest.
8
stranger
Jul 06, 2008 01:34PM
Re: the whole picture
6
khareema
Jul 06, 2008 02:11PM

Current indicated ore reserves are worth $1,631 per tonne NSR as indicated in #1 NR. NSR value x 233,000 tonnes = ~$380 million.

Upgrading of ore reserves is likely optional but will eliminate risk for RN and his team.

Am saying that infrastructure for Phase 1 is likely ~$20million. The math says $380million - $20 million = gross profit of ~$360 million.

Believe sag4tag came to the same conclusion of what is included in Purich's NSR value. Please read his posts to confirm.

Thanks for the welcome - have been a long time watcher and appreciate the value of this forum.

AFS

5 Recommendations
Re: call with mac watson ceo of freewest.
8
Shaquille
Jul 06, 2008 02:42PM
Reply New Message
Back To Forum List View
Share
Share
New Message
Please login to post a reply