Re: So.....

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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Peter Marshall

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Re: So.....

in response to

Re: So.....

ANL

posted on Feb 28, 2013 03:33PM

ANL

Always ignore the guy with the back of the envelope calulator.

My sense on:

Re "What's interesting is the buffer that's tied to BAO warrant dilution."

I dont know what to think, except my sense is that BAO(CHN) will never want to exceed RCF (US) and/or RCF +retail (CDN).:- Political optics and possible foreign ownership objections.