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: NOT's Mettalurgic Prelim report...Good News indeed...just in time..

Re: Not Yet

posted on Apr 27, 2009 09:16AM

No question but everyone is keeping E1 in mind since that ore by itself could make for fast payback of infrastructure costs. Mind you paying off the infrastructure costs only sets you up to start making money on mining in the area. E1 might pay for getting things started but not enough ore at current pricing to provide much profit and certainly not enough to mine for the years necessary to support infrastructure.

Finding more nickel deposits can add a lot of value to exploration companies but unless someone get's real lucky with huge find it looks like the huge chromite is what will make most of the money in ROF. Big area and early days so a lot of interesting things still to be found.

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