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: Nova vs Eagle's Nest

This company and deposit was compared to Noront years ago. Their grade of nickel is better, but their deposit not as well endowed with PGEs as the EN is. Take a look at the PDF attached which boasts a 10 year mine life and a cost of $1.50/lb, as well as their distance from the nearest town/city; 350km. Now compare with Noront as much as you can, but remember we have the PGEs that easily cover the cost of out nickel mining. Previous comparison of these two put Sirius at a nickel cost of I believe $1.50 - $1.51/lb to mine and Noront at $1.53/lb, which to me seems like ENs PGEs were not taken into proper consideration. Because if they were then Noront's EN deposit would probably have a negative cost per pound to mine the nickel.

Hobbit. You say $1.29/share for EN. I strongly agree NOT...More like North of $5/ share when you compare against Nova, and so did the IGO who bought Sirius.

TM. 

 

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.igo.com.au/site/PDF/ee385595-e18f-4135-aeee-0eacb73241d0/IndependenceandSiriusInvestorPresentation&ved=2ahUKEwiN8big0IPzAhXlSt8KHRwtAh8QFnoECB0QAQ&usg=AOvVaw3BBhUKTHwZEbEAWxgIXHBb

 

https://www.google.com/amp/s/amp.ft.com/content/cc8c559a-02d7-11e5-b31d-00144feabdc0

 

 

 

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