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: So is K right?
15
Mar 31, 2012 08:50PM

"sorry Ed, there will be some serious serious cash coming from the PGE's on NOT's site along with some lovely Ni."
You must be misunderstanding me Sum, I have nothing against the above statement.
I have on occasion stated way back that many companies would give themselves high 5s if they had just the platinum and palladium that the Eagle's Nest has. What I do mean and emphasize IS that the Eagle's Nest has a very high value, approx 5 times the return on expense of operation AND most of that value comes from nickel. That does not belittle the PM assets just points out where greater worth is. While I'm at it I also have said that many here talk of the PMs and neglect the copper which is worth more than either of the two PMs and almost as much as both combined.
In summary, I just am pointing out the relative worth of the metals but in no way poo hoo on any one member. Heck, platimun alone could pay for the cost of opperations.
Hope that explains my enthusiasm for Noront's Eagles.

Aside, I see too much similarity between what happened with FWR and what is happening with Noront now, ouch. This is time for accumulation before the opportunity passes us for good.

Cheers to all the opportunists and the brave. (To You too Sum ;-)

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