Re: Layman's Math at best.

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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crazytrade

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Re: Layman's Math at best.

in response to

Layman's Math at best.

Fossil

posted on Aug 10, 2015 01:13PM

My math works like this. We have 5-10+ billion in nickel/pge ore that cost 140 mil to find and 50 billion in chromite that cost 500 million to buy which we bought for 30million. So if I take 2% of that 60billion as our value we should have a MC of 1.2 billion and we are at 90million because of no road. RCF will have 30% and try to have 80% before a road gets a permit and may even be wanting to slow things down. After all, I am sure that they want to "get it right"