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 World Supply
11
Aug 20, 2008 07:20PM

5.8Mt at 600$ per ton is 3.5B dollars per year of gross sales. If we are the cheapest producers, we should be able to get at least the US market share due to further savings on shipping costs. The US consumes about 24% of the world's chromium so that would leave us with 840M dollars per year of Gross revenue. The question then is what is our cost of production, sales, shipping, electricity etc...we should still be able to get a fair profit...Let's say 200m per year over 30 years...Yeah I would say that with a market cap under 400 million or 2 years worth of profit off the Chromium alone, forget the gold, nickel, copper, platinum...we are serious undervalued...Feel free to cut up these numbers as they are mostly made up except for the 24% US consumption but seriously, someone soon will realize this...please!!

G.

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