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: Sedar M D & A March 8th
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ANL
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Mar 10, 2013 08:52AM
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Mar 10, 2013 10:03AM

No way B-Jay.
All the infrastructure share and mine would not be worth close to 50% of Eagle's Nest deposit after extraction.

You are forgetting that most of the money obtained from Eagle's Nest after processing costs goes into our pocket.

If Eagles Nest has 10 billion $s before processing then we are left with 8 billion after processing.
Subtract from that taxes (not sure what percentage that would be) we surely would be left with at least 5 billion.
Half of that (50%) is two and a half billion which is way more than what our cost for mine and share for road, rail and possibly power line would be.

More to the point, Eagle is worth way more than the 10 billion $s assumed above for this example. (It has been at least two years since I did any dollar calculations on Eagle deposit.)

Don't be so generous with our $s.

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