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: Junk
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Dec 14, 2010 11:00AM

I haven't posted in a couple of days in response to what edgy said, "Douger, "Eagles nest can hardly be considered an economic deposit at this point in time.' That is nonsense. If this deposit is not economical then none on this planet are."

I would like to first say i very much understand this deposit aswell as other Nickel sulphide deposits. I want to draw everyones attention to a diagram i saw once posted on here. As an exercise everyone should try and plot EN you will see it is very far off of any of the world class deposits out there. I imagine that edgy is not a geologist but maybe another geologist part of this forum could back me up. Again not trying to put down what we have, EN is impressive hence my investment and support for the company however we have to wait before it becomes something more economic. And for that I think our current exploration team is the right bunch of people in just over a year and a half were up past 11 million tonnes. with some more time who knows how much bigger it can get or maybe there is no more and the team can get a better understanding and apply it elsewhere. That is the nature of exploration it isn't just a series of successes one has to remember you cant find whats not there.

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