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: Nickel Pig Iron (NPI)
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ANL
Jan 09, 2012 01:55PM
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Jan 09, 2012 03:04PM
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ANL
Jan 13, 2012 12:54PM

This topic of Nickel Pig Iron is being discussed too much on this board, imo.
Why, might you ask?

Because this product while having an effect on price for most nickel producers, should be a non-event for us, BECAUSE our nickel ore is so rich that most miners of nickel would have to close shop before we will be affected much. This is due to the highly profitable operational costs.

To repeat for about a dozenth time; About 5$ of profit for every $ used during production.

True, this can not be obtained until a mine and all necessary infrastructure is in place. That is our major delay, other than from possible problems with natives or environmentalists during permitting process.

I think that this topic is repeated due to insufficient understanding of how valuable our ore is. Just note the price of copper, platinum and palladium which are not likely to be going down in price but very likely up from here. Either two of these metals will pay for operating costs. The remaining one of the three plus the nickel end up as for FREE.

I have only touched upon the Eagle's Nest in this posting.

Being aware of the above is what keeps me on this forum more than any other. Cheers and patience to all.

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ANL
Jan 13, 2012 07:08PM
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Jan 13, 2012 08:28PM
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ANL
Jan 14, 2012 12:14AM
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Jan 14, 2012 06:08AM
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Jan 14, 2012 09:10AM
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ANL
Jan 14, 2012 12:10PM
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