Re: 43-101 Resource Estimate-Edgy

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: 43-101 Resource Estimate-Edgy

in response to

Re: 43-101 Resource Estimate-Edgy

CMP

posted on Feb 22, 2010 03:49PM

That is a great post Mike and people need to be reminded. Noront is on the record as stating they believe they have 10-15 million tons of ore of consistent mineralization. Dundee, in their report put in 10-20 million tons.

The 43-101 will settle what we conservatively have. I believe it will come in at 8-10 million tons personally but when we considerer that we are open at depth and on strike and these are not taken into account in a 43-101 resource estimate, we can see that the economics of this deposit, which is a dream deposit for underground mining, are very good and that we are tremendously undervalued and those that realize that and take advantage of this low share price will be rewarded with a multibagger ROI.