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: Rally because of BMK news???
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Lucky Lady - Thanks for bringing Babjak's post on the SPQ forum to out attention. I'm pasting it directly below for quick reference.

Re: price of chromium-found this on internet

Posted by: Babjak1 on May 02, 2008 10:11AM

In response to: price of chromium by vila

Chromite ore is graded by its chromic oxide (Cr2O3) content, and its price is reported in trade journals on a gross-weight basis (U.S. dollars per metric ton, gross weight). Commercially traded chromite ore grades range from 35% to 55% Cr2O3. Suppose, for example, that a particular chromite ore is graded at 42% to 45% and priced at $100 per metric ton. It contains 42% to 45% chromic oxide and costs $100 per ton, gross weight.

To calculate the cost of the chromium contained in this material, remember that chromic oxide is 68.42% chromium. Consequently, 1 ton of this material then contains between 0.287 and 0.308 ton of chromium yielding
a unit value of between $325 and $348 per ton of chromium.
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