High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"

NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Message: 43-101 Resource Estimate

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samsawchuk

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Re: 43-101 Resource Estimate .. Expectations.......

in response to Re: 43-101 Resource Estimate .. Expectations....... by curt22go

posted on Feb 22, 10 02:20PM

"From the original 43-101 they only show 3mm tonnes of Ni."

Sorry but I have to correct you on this - it is not 3mm tonnes of Ni. It is 3mm tonnes of ore, containing 78m lbs of Ni, and Cu, and Au, and Pt, and Pd, and Ag. So if we triple the resource (9-10 mm tonnes) hopefully we triple those as well. Some of those add higher target value to the insitu value. 3X the resource and you get the $3.50/sh valuation being floated around in the market. But what if the 43-101 does a 4x-5x resource upgrade? Then Eagles Nest can be pegged between $4-$6/sh. (based on my calc that Eagles Nest is worth $1.20/sh right now). Way too soon to bail out yet - IMO.

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