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: Geophysics... PM
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Nov 17, 2007 01:22PM
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PM
Nov 17, 2007 01:51PM
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Nov 17, 2007 04:12PM

Your point is valid, and I am not saying some other anomalies will not prove to be deposits. Rather, until they are drilled (sampled), its impossible to say what they are.

If, however, BMK hits minerlization drilling a similar MAG/EM anomaly on their ground, the odds will change significantly. This is why I say that, for now, FNC have the best chance - the odds are only based on what we know now, and other developments or results could change that at anytime.

In fact, I am hoping that BMK hit something, as this will light-up the whole Ring of Fire like Las Vegas at Christmas. It will be the result required to signal that the area play is truly on and that we are dealing with a Ring of Fire as opposed to a small Blob of Fire.

I cannot stress this enough... The best thing that could happen would be for BMK to hit something similar to what NOT drilled in its first few holes on Eagle 1.

However, right now, I place the odds of that happenning below FNC having some of the Eagle 1 mineralization, based on what I know right now.

For disclosure, I own NOT, FNC, PRB and BMK.

Regards,

B.

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Nov 17, 2007 04:44PM
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Nov 17, 2007 04:52PM
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Nov 17, 2007 05:08PM
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Nov 17, 2007 05:14PM

Nov 17, 2007 05:49PM
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