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 to Platinum?
8
Mar 30, 2012 10:05AM

Wrong logic Debunker:
All you have shown is that platinum is way more valuable then nickel, but that is evident from the price. If you set aside the chromite and potential other deposits the Eagle's Nest deposit is Valuble mostly due to the nickel, period.
It is not just the price of any individual metal that matters but just as impostant is the quantity or ratio of a metal that one has. Because there is so much more nickel than all the other metals in Eagle's Nest ore it dominates the contribution to the total value.

If you look up some of the old posts regarding values of the metals in the ore ( some were mine) the approx. sum of which is:
Nickel supplies about 70% of the value and the other ones, copper, platinum and palladium in that order, about 10% each.

So my point is = We are valuable at Eagle mostly due to the nickel ( due to quantity and not price ) and the other metals while very valuable per ounce are is such small quantities that they contribute only one tenth of the value for each of them.

Note that I do not make any comparisons to the chromite ore and how much it contributes to the value of the company.

Then there is Vanadium etc. and who knows what else with our land hold.

Hope that sets you on a more correct path, Ed.

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Mar 30, 2012 11:05AM
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