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: Shawn Ryan has arrived on NOT' premises-I expect

Fossil

I agree the solution needs to come from outside the boardrooms of NOT etc.  The holdup is not the mining companies.  I believe that the needed dilution to accumulate 75 % of the ring will be worth it.

Even if the total worth of the ring ends up being half of what Smeenk predicts at 300 bil, with NOT owning 75% of that we are at 225 bil.  If profits of a mining company are approx 15% on average...

https://www.statista.com/statistics/208725/net-profit-margin-of-the-top-mining-companies/

this leaves 33 .75 bil.  If we divide the 340mil shares into this it comes to $99 per share. 

I expect most would be happy with a fraction of this to compensate for assumption errors in my simple math.  We would need a Hoov or Babjak to play with these numbers and logic.

The important thing is that these numbers are getting to big for my calculator and imagination.

GLTA

Ringer

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