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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Message: AT-12 Anciliary Income

AT-12 Anciliary Income

posted on Mar 08, 2010 06:57PM

On first glance, AT-12 results don't look particularly great. Especailly when you compare them to Eagles Nest. When you see a hole like the recent 70-W1 that shows 22.8m of 4.41% Ni, 2.38% Cu and 28.1gpt of Pt. I mean this stuff is worth at least $10,000 per cubic meter. However, AT-12 seems to have a seam of Ni ore that is about 42m thick and grades about 0.8% Ni and some copper. This stuff is worth about $1300 per cubic meter. The thing we all have to remember is this: the Eagles nest is looking like it will be 15 million tonnes and will be developed; Eagles Nest and AT-12 are owned by the same company; AT-12 seems to have some size to it even if grades are lower; once Eagles Nest is developed, AT-12 becomes a viable anciliary developement. WE are being labelled as a three million tonne property and it is killing us. AT-12 will add bulk to the 43-101, and maybe more than people think.

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