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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I think 1 hole per rig every 3-4 days is a few too many.

It depends on when you think hole 50 was started but, say it was started around the first week of July.

That would give us at least 6 weeks between when that hole was started and the luncheon. 9 (10 if you include 53w) Holes in around 42 days isn't even close to your calculation. Even if it was 4 weeks it would be 10 holes in 28 days...

That said the majority of the holes on 1C will be drilled using directional equipment so they should pump out holes at a faster rate than they have.

But, I guess we will just have to wait and see.

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