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: Lots of talk/hope about tonnage
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Lots of talk/hope about tonnage
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Milsy1
Sep 15, 2008 06:35PM

I do like the approach you have taken. Only one problem with it and that is your valuing not Chromite Ore but processed FerroChrome.

It's not FerroChrome in the ground on the claims it's very rich chromite ore and will be valued by any major as ore not processed FerroChrome. The large profit to be had for changing the ore into processed material may well incline them to pay a higher percentage of value for the ore but the ore will be valued somewhere between $500 and $600 a tonne.

Really just means you have to considerably increase the size of deposit required to obtain 10.75 billion in value.

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Re: Folks---there is a ton of money sitting on ----
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happyappie6
Sep 16, 2008 04:26AM
Re: Lots of talk/hope about tonnage
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Polylabel
Sep 16, 2008 05:37AM
Re: Lots of talk/hope about tonnage
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Lance Swago
Sep 16, 2008 05:58AM
Re: Lots of talk/hope about tonnage
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Chopin
Sep 16, 2008 06:30AM
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