It is very late

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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It is very late

posted on Jul 29, 2009 01:50AM

and I should be sleeping but the math is juggling inside my brain!! So please indulge this and take it for what it is worth...from a very tired brain who cannot fall asleep!

just doing some crazy math:

If Y=437 meters (we know this to be true)
X=450 meters (complete dream)
Z=100 meters (complete dream)
In-Insitue value is 15% (should be close to reality)
Density=5tons/cubic meter (close to reality)
Shares outstanding =161 000 000 (close to reality)

Value per ton=$600 (bring on those assays!!!)

Eagle 1 at depth could be worth 437*450*100*0.15*5*600/161000000=55$ per share.

Crazy yes but Mungall always said Eagle 1 was formed over kilometers worth of mineralization...I am not even asking for half a kilometer;)

Can you see why some anaylysts could be going nuts with the potential here. Anyways, back to bed, hopefully I get some shut eye before my 5 year old asks for her pancakes!!