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: Non - Nickel Credits
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Non - Nickel Credits

posted on Apr 14, 2010 04:38PM

I read somewhere that Vale produced (processing, refining, smelting) nickle for about $6.7 a pound in Canada in 2009 before PGE credits.

The PGE credits were worth about $3/lbd, making the cost of producing nickle (before operations, etc) about $3.7/lbd.

Does anybody know offhand, ballpark, the relative value of NOT PGE's vrs Vale PGE's? Is a $3 PGE credit reasonable for NOT nickle? Thanks in advance.

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