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: The McFauld area mags and what it means
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Nov 17, 2007 01:22PM
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Nov 17, 2007 05:49PM
Just catching up on the board as I'm in the middle of a work block. Here is my take on the mag readings and Noronts impact on the Mc Fauld area and area plays.Any one who has looked at and/or bought other area plays know that other Jr's have found ore bodies that in and of there selves are mine able. The problem has been location. ie if these sources of, copper, zinc etc had been say found in Sudbury these resources would have been scooped up and the JR's values for investors would have been payday. But again the cost of roads, power and a work camp in Mc Fauld was not feasible based on these other finds alone. Low and behold along comes double eagle and now the Majors are looking. Guess what people we will be taken out or joint ventured, it is only a matter of when and for how much.Now to my point, with a major working in the Mc Fauld area how much more would it cost to go a couple of kms further to say mine that copper find, or zinc find or any other resource, NOT MUCH. Therefore in my very humble opinion I think any area play that has found and resource sometime in the future near or long term is going to be worth more than it is today.

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