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)

Free
Message: Windfall Question?

Windfall Question?

posted on Jul 21, 2009 09:24AM

Does anyone know the amount of money the Canadian Gov was requiring us to spend this year and next in order to keep these claims active? I am presuming they are the figures in the press release?

If this is the case this move is simply an allocation of scarce resources before having to go back to market and raise more money. Getting dilluted super sucks especially at these share prices. The money is much better spend on tracking down Ni and Chromite than looking for gold.

Although once the US hits hyperinflation in the next two years we might be wanting that gold back!

Share
New Message
Please login to post a reply