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: Updated calculations
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Feb 19, 2020 11:53AM
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Feb 19, 2020 04:28PM
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Feb 19, 2020 05:03PM
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Feb 19, 2020 05:25PM

Using 31.1 grams per troy oz

Also, taking into consideration 82% recovery rate

Also, todays price a little lower at $2,608/oz US

11,100,000 tons @ 3.09 g/t Pd = 34,299,000 total grams 

Divide by 31.1 grams per troy oz = 1,102,861 total oz's

Recovery at 82% = 904,346 oz's

$2,608/oz Pd US X 1.30 to CDN = $3,390

At about $3,390/oz = $3,065,732,000 CDN

That is just the Proven and Probable.  If we add in the Inferred, we get another:

8,900,000 tons @ 3.49 g/t Pd = 31,061,000 total grams

Divide by 31.1 grams per troy oz = 998,745 more oz's

Recovered oz's at 82% = 818,971 net oz's

At $3,390/oz CDN = $2,776,314,000 CDN

Therefore, total credits from the Palladium alone...which includes proven and probable, along with the inferred = $5,842,046,000 

Note that the feasibility study in 2012 was based on Pd of $599 US, where at the time the CDN $ was near 1/1 with the US $.  I believe we are expecting an amended feasibility study....will be interesting to see if anything could move this stock.

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Feb 20, 2020 11:21AM
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Feb 20, 2020 12:05PM
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Feb 20, 2020 02:43PM
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Feb 20, 2020 03:04PM
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