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: South Africa lots of chrome south Africa lots of platinum - palladium

Good stuff Fantomas, that Febuary 19th. news release, a very informative news release at that, sure brings back a lot of memories, remember doing quick calcs on the Rhodium, basically every 8 to 12 cubic meters would yeild approxiamately 1 ounce of Rhodium. It rocketed to $10,000/oz in summer of '08 and at the time of the news release was at about $8500.00/oz smack in the middle of its metioric rise and now hovers $1650.00 an ounce, up from its low of $760.00/oz. Since Jan of this year it has been on a steady rise and should continue said path. Rhodium and its cousins will all add considerable collective insitu value especially should the Rhodium and cousins be found to be continuous over the verticle 1000m of the Eagles Nest.

Looking back at that time, with the above notes all encompassing, it is very easy to see and understand why Richard and the NOT management team were very excited about the potential added value that the contained Rhodium, Platinum and Palladium would eventually bring to the program not to mention the other "iums" we have below surface in and around Eagle One.

Its that excitement that's beginning to rush back to us all.

That excitement, Fantomas, brought on by post such as yours, posts designed to get viewers here to sit up straight in the chair and take a good hard look at what we have in the ground. Most (not all) had been lulled into the bright light of the chromite, discounted Eagle One as done, concentrated on the chromite to keep up with the Jones' next door NNW. some stayed focused, taking notes, filling up the file with tidbits of info, ever keeping on knowing full well eventually we would get back to that which needed to be done ( and should never have been stopped ) the task of driling the deeps below Eagle One to follow the conduit.

Eagle One's the tip of the iceberg folks, lol, in tha 4.1 m section of hole 5 analyzed the Platinum ounces per ton exceeds the cubic meter density of the massive mineralization, basically for every cubic meter in that massive zone there is approxiamately 4.7 ounces of platinum. Current time and space within the commodity world being what it is...China on the prowl, India running a close second, imo we will see gradual increased demand over time interlaced with huge price supply and demand fluctuations yeilding great spikes in price for the more rare. The rush is on to prove up, many are exploring for Platinum these days, perhaps the "iums" are not just "vault" specic but are just a few of the many tools our management will ultimately use when times right to bring added value to the resource

Its quite easy to see just how valuable the ore in the ground at Eagle One "really" is, not just the broad generalization of value recently been stated at the recent luncheon.

The bashers and crap disturbers have been thick as of late and now going on a couple months many of them have been outright banned, as such, we still seem to see regular infiltrations which means of course...no rest for the gaurds.

Some of our fellow members unfortunately have become "disconnected" from the daily interaction of posting on the forum or dont post by default due to some nasty interactions or mean spirited PM's, my advice, if i can give it, is to let bygones be bygones, get back to what's real with this stock, come out of the shadows and forward into the light, venture over from TCC once in awhile to post occasionally, your participation is greatly missed around here.

Best Regards this weekend to all viewers and posters

Notster.

PS, sure would be nice to see some of Jeremy's 3D work make it to the NOT website!

Here's some current pricing on the iums... US dollars.

Fri Sep 4 15:00 New York Time

PLATINUM 1253
PALLADIUM 293
RHODIUM 1650
IRIDIUM 425
RUTHENIUM 090
Daily Prices Platinum Palladium Rhodium
September 2009 Asia Europe USA Asia Europe USA Asia Europe USA
Tue 1 1245 1257 1236 293 293 290 1650 1650 1650
Wed 2 1228 1227 1213 290 288 285 1650 1650 1650
Thu 3 1233 1243 1245 287 289 292 1650 1650 1650
Fri 4 1259 1262 1253 292 294 293 1650 1650 1650
Month Average 1241.25 1247.25 1236.75 290.50 291.00 290.00 1650.00 1650.00 1650.00
Month Average for all time zones Platinum Palladium Rhodium Iridium Ruthenium
September 2009 1242.15 290.32 1650.00 425.00

90.00

Share
New Message
Please login to post a reply