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: BNN , Promo

Help me out with this, I have a history of rushing calculations and coming up with bad math...

Does this mean, given your calculations, that $300 ton equals $30/ton in situ value, multiplied by 100 million tons, divided by shares ( 180 million) puts FWR shareholder value at roughly $16.00 per share?

TIA

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