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: I thought the raw resource prices in 43-101 seemed pretty low?
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I thought the raw resource prices in 43-101 seemed pretty low?

goFWR
Sep 09, 2010 08:19PM
Re: I thought the raw resource prices in 43-101 seemed pretty low?
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stalkstupid
Sep 09, 2010 08:27PM

It may be tradition and convention to use 3-yr trailing averages - but they have no place in market pricing - and donot represent any meaningful numbers of true economic value.

We should all agree to on a go forward basis to use the 43-101 numbers (540M) plus the (250M) for using current market metal numbers, as a starting point for Eagle.

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