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: Gold equivalencies

The golds are doing well as of lately. Interesting to note that we have the equivalent of a 4-5 million oz. HIGH (10-15 g/t) grade gold deposit sitting beneath us. And that is being conservative. Our asset value will catch up sooner or later. Deposits like this don't fall by the wayside. Estimate is conservative BTW.

11mil tons @ 2% Ni = 440 mil lbs of Ni @ $10/lb = $4.4 B

4.4 B x .10 (insitu) = $440 Mil

A gold deposit worth $440 Million in the ground would contain approx 4.4 mil/oz gold.

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djo
Aug 31, 2010 12:06PM
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Aug 31, 2010 12:07PM
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Aug 31, 2010 12:08PM
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