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: Another White Knight in the R.o.F ?
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Another White Knight in the R.o.F ?

In view of HudBays’s expanding participation and its recent investments in of MacDonald Mines Exploration Ltd (increasing it’s holdings to just about 1/5th of BMK’s issued and outstanding shares on a partially diluted basis) a recent BNN interview with HudBays’s president, Mr. David Garofalo would be of some interest to all longs in the neighbourhood. Remember: A Tide Lifts All the Boats!

Here are some significant headings from the interview:

GAROFALO:

LALOR is a significant component of HudBay’s growth.

He expects to see more consolidation in the metals sector, specifically Junior Miners.

HudBay will spend $144M to build a new concentrator at its Lalor project.

http://watch.bnn.ca/commodities/july-2010/commodities-july-15-2010/#clip497177

Cheers,

durban1

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