Re: Wake up

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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Francis Dube

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Re: Wake up

in response to

Re: Wake up

bowline

posted on Jul 28, 2009 07:49AM

Actually, got some info last night from Cwallace that corrected me...Inco based their purchase price of 4.1B on reserves of 60-70m tons. They did find double that afterwards but their offer was based on ONLY 60-70m tons. Their grade was not as high as ours, they did not have PGEs, Chrome, Vanadium, their infrastructure cost were at least as much as ours, probably more. Shipping from there to Sudbury is more expensive than it will be for us. So Crazydik's $20 price tag is very possible if we prove up 25million tons-which is still a long way off though!!