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: Just doesn't sit right
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Feb 07, 2012 08:54PM
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ANL
Feb 07, 2012 10:28PM
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Feb 08, 2012 05:20AM
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Feb 08, 2012 08:59AM
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Feb 08, 2012 09:05AM
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Feb 08, 2012 01:14PM
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Feb 08, 2012 03:44PM

"I think we are way ahead of that"
I do think we are ahead and do my posts lack optimism? I only try to post some sober reality with that optimism.
For instance I posted my calculations of the dollar value of the most interesting (imho) intercept sections from the two holes.
One is rich in it's totality per holes from Eagle's Nest. But even that one is on the low side having only $440 per ton. The average for Eagle's Nest is about $600.
The other has a very rich section but it is very small so of little economic value. It is only of value as an indicator.

I value holes by multiplying the ore's $ value per ton by the intercept length.
In this manner neither of these two come close to Eagle's Nest.

( Hole NOT-11-1G243 has 137$M and NOT-11-1G244 has 563$M,
Good Eagle's Nest holes are in the range of 10,000 to 100,000$M,
$M = Dollar value per ton times the intercept length in Meters).

So my conclusion is:
They have strong indicators BUT if there is anything note worthy dollar wise, it has yet to be delivered.

Need I say that I have high hopes? Higher now with the latest news release.

Ed.

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Feb 08, 2012 05:51PM
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Feb 08, 2012 08:14PM
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Feb 08, 2012 11:59PM
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Feb 09, 2012 12:36AM
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