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)

Free
Message: First time seeing......
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Sudbury, I still think they are missing 3 zeros, meaning millions of dollars because:

1. Preproduction to me means construction of mine and ramp and both are unusable for any extended time without road transportation.

2. The dollar numbers as to costs seem dead on IF they are in millions.

I interpret:
Mining = actual mine construction & equipment for processing of ore (crusher etc.).
Processing = equipment for digging and handling of ore
Site-Infrastructure = construction of ramp, i.e. underground access
In-direct = roads and clearing of terrain
Working Capital = salaries
Contingency = margin for what ever could come along

Anyone agrees or am I lost in the woods? Ed.

5 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply