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: The Winter Road Issue
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DE1, I'm not so sure.

Without going into details, I have done a seat of the pants, back of the envelope calculation re DE1 using the resource figures given in the recent news release. I have shared the details with donypee via PM and would be prepared to share them with anyone else.

......

I am not saying that it is not doable. It just seems improbable that implementing this concept will result in net revenues of the order of 100's of $M.

Geo,

I for one would be interested in YOUR calculations !

Just post them on this forum.

Thanks.

FANTOMAS

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