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: Just a reminder.. If mineralization continues to 2000m...
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Just a reminder.. If mineralization continues to 2000m...

posted on Apr 15, 2010 11:33AM

Here is the calculations if they hit to 2000m. Assuming same size tube. Todays prices.....

An addition of $5 billion for 30 days drilling.. Not to bad..

But I think we all know that the tube could get bigger as it goes down. :)

Resource Expansion Calculation
From 43-101 New M3 of Rock Tonnes of Rock %Ni Pounds of Ni Total Ni $$
Length 115 115 3795000 11,825,220 2% 521,255,698 $ 6,223,793,029.34
Width 30 30
Depth 1100 2000 6900000 21,500,400 2% 947,737,632 $ 11,315,987,326.08
Mass Weight 4.34
Diss Weight 2.98 Difference $ 5,092,194,296.74
10% Mass 90% Dis 3.116
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