Eagles Nest NPV

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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nickcdn

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Eagles Nest NPV

posted on Apr 21, 2014 08:52AM

Eagles Nest is likely back to our FS NPV due to increased nickel prices, lower CDN dollar, increased palladium prices. With these 3 factors combined, our asset is worth about 550 million today. With this is mind, we are trading today at 25% of the value of the Eagles Nest asset. This is also means the market is giving zero value for our blackbird deposit, exploration potential and the inferred resource at Eagles Nest which could essentially double the NPV of Eagles Nest.

Should be interesting to see what happens when our asset is no longer land locked.