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: Palladium side thoughts
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I'm getting a much higher number for just the palladium:

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

Divide by 28 grams per oz = 1,224,964 total oz's

$2,620/oz Pd US X 1.30 to CDN = $3,406

At about $3,406/oz = $4,172,227,384 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 28 grams per oz = 1,109,321 more oz's

At $3,406/oz CDN = $3,778,348,785 CDN

So....total about $8 Billion Gross for the Palladium?

Am I doing something wrong?

 

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