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: what is the $1 Billion dollars really earmarked for?

They could secure an off-take agreement in exchange for the road being built. No different than KWG's plan for the Chromite deposits.

THink about this. This would be just for Eagles Nest. If their recent targets pan out, they could have much bigger and richer deposts on their hands, and have an income stream to finance the exploration. The offtake would just be for EN, and everything else would be just gravy, with extra incentive to explore to its fullest potential having transport taken care of.

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