Some comparison to the Nickel Rim South project

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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Some comparison to the Nickel Rim South project

posted on Nov 03, 2009 10:45PM

Have a look at this link:

http://www.xstrata.com/assets/pdf/xni_nickelrimsouth_factsheet_200809.en.pdf

You will see that Xstrata has a 14.5M tons ore body grading:

1.6% Nickel, 3.1%Cu, 0.7g/t Au, 1.7g/t Pt and 1.9 g/t Pd

The spot price on those minerals gives a current value of $636 per ton...very similar to our Eagle's nest. They are moving forward with mining this deposit.

However, the big difference is that the ore starts at 1100M and goes to 1800M. They had to dig 1100M before making a single dime!! We start making money basically at surface.

Combine this to the pseudo-scientific info from Milsy1 and you can see why this is very economic.