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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min of natural res

posted on Oct 21, 2007 02:21PM

To go back to this subject once more.

Compare this discovery to Thompson in Northern Manitoba. The discovery was made in 1954. 18 months later they made a decision to build a mine. The railroad link was completed in 1957, the mine began production in 1960, and the all weather road completed in 1962. I was there and involved in a lot of it.

When 5-6 years is mentioned, every one jumps on it as dumping. I would expect that it would take that long to build proper infrastructure, and that time frame would not start until the deposit is proven up.

What we are involved in here is an exploration play. I suspect that by the time they decide to build a mine here and proceed with infrastructure , we will all have made our fortune and have moved on

K

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