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: I Guess If It's Not Economical To Mine @ Depth......

Hey, CrazyT, get yourself a better nick name, by chance are you also a day trader? if so then it would fit.
Otherwise you are far from crazy. Your comments have been very sensible to my ears, hence my suggestion.
As for half percent nickel: It is a misrepresentation because in no way would we be only obtaining half percent nickel because it is tied in with copper and precious metals, so even at half percent the operation would be quite profitable.
I suggested, and I believe at least on one resource estimate by the company, used 0 percent nickel for the cut-off for resource.
Also consider that while you are digging the ore the half percent pays for your excavating the tunnel to the richer veins. I own some shares in a "silver" mine ( also has substantial gold) in Mexico whose resource has a vein structure and in between veins there is often less than enough silver to cover tunneling costs. Base line, the mine IS profitable.

p.s. Need I say that the resource appears to get richer with depth?

Three cheers to all holders, Ed G.

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