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: Our resource vs =My apology
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Sep 04, 2010 12:44PM
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Sep 04, 2010 02:41PM
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Sep 04, 2010 03:05PM

I made a mistake with a decimal point in the zinc value, the zinc is 10 times more valuable. In other words the two totals should be $280 & $315. That does not negate my argument but it does take the edge off considerably.

Thanks Luker for making me take a second look at my figures.

As to every one else:

My argument has nothing to do with whether they already have access infrastructures and us not or that they may have access to an existing mine or operating, or any other such aspect. These we will have in not too distant future, be it JV, alone or bought out.

For now I meerly point out that the e-mail I received pointed out a resource from a recently completed feasability report. We on the other hand have a resource much richer and that extra richness ends up as pure profit, minus taxes and royalties.

This means we have exceptional grounds for being cheerful about and not dispair because our management is not doing things quite the way we would like or have our news when or what we expect.

No I am not trying to white wash our management but to point out the significance of what we have in spite of a few hick ups that we tend to knaw on ( and I also wanted to, believe me).

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