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: Re: 1% copper
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May 31, 2010 01:04PM

Thanks Khareema for your post for it describes much of my thinking.
This is an expensive are to operate labour wise, climate, energy and land condition, it is not a third world country where labour is cheap etc.
Should there be all necesary infrastructure then yes one could operate quite comfortably at 40 and perhaps 30$ a ton. This is not the case.
They will likely have copper veins in the several percent range but for it to be a viable mine it has to be demonstrated and a pertnership needs to develop for the infrastructures. Too early for any definitive opinion I guess. I still say this news is for keeping an eye on but not for any hand stands.
I do hand stands for Eagle's nest.

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