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: Wondering.
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Sep 05, 2012 10:53AM
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Sep 05, 2012 01:35PM
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Sep 05, 2012 01:43PM

"This feasibility study puts our present value at approximately 2.30/share."

And that's only for the proven and probable 11M tons. They also stated the permitting process is going smoothly so far and will be completed mid 2013. I personally have no doubts it will get done.

Also the NR reads as if the gov't is funding all of the N/S all season road and charging Noront and Cliffs tolls? I like that. And it says operating costs are $97/ton. Should leave us netting $400-500/ton, No?

One brick at a time.

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Sep 05, 2012 02:52PM
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