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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: What we know already re 43-101

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I really hate to venture a guess on the value.

There are to many unknown factors at this time.

BUT....Frank Smeenk stated on the Black Thor there was 69 Million tons at 32% chrome oxide, that means from every ton of rock there is about 720 pounds recoverable Ferrochrome. Ferrochrome at that time sold for about $1.00 per pound. Based on that, he said its worth was about 50 Billion Dollars worth of ferrochrome.

Now, as far as the Big Daddy, I guess we will have just wait an see.

.......RL

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