Re: Selling Hope.

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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oscarandbailey

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Re: Selling Hope.

in response to

Selling Hope.

Edgy

posted on Mar 01, 2010 11:12AM

Great post. It is important to see clearly the relationship between hope and reality, present and future, in-situ and out-of-the-ground values. As I posted earlier, I am trying to get a clear picture of the NOT valuation. Maybe somebody can help me.

During the FWR discussions, people were posting opinions about value of claims based on inferred tonage and concentrations. For an exploration company that is probably looking at selling the claim rather than extracting the ore, what is a reasonable value of a claim....5%, 10% of in-situ value? Is there a formula that can be applied?

As applied to NOT, has anyone done this kind of analysis that has been published.

I'm afraid this part of the puzzle is still a bit of a mystery to me. Hope somebody can help. Hoov, where are you?