Feasibility Study Postponement

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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JDR

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Feasibility Study Postponement

posted on May 22, 2012 03:46PM

Well, as anxious as we all are to see the completed Feasibility Study it will be at least another month, but probably longer.

According to Wes at the CPM Group Precious Metal Investment Seminar the Feasibility Study can not be completed until the Goverment releases the details of the infrastructure plans. Once they have these they can complete the final tally.

As frustrating as this extra wait may be, the Eagle's Nest Feasibility Study will be greatly improved considerably now that the Government will be paying for some or all of the infrastructure.

The next news release with drill results may spread some light on this subject.

Thanks to Luker for posting the presentation from the CPM Group Precious Metal Investment Seminar.

For those of you who haven't see it yet, here's the link again:

http://www.youtube.com/watch?v=1g23HjOz50E

JDR

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