LBE Redstone - Red Flag AlertSo here is where things start to unravel with Redstone. Its what Victor & Nickel77 like to call a
red flag. I calculate about 40% of the Redstone property has not demonstrated economic viability. Conversely ISM values are indicated which is a much higher level of certainty.
Redstone Mineral Resource Statement*
- SRK Consulting, October 19, 2009
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Classification Tonnage Grade Grade Nickel
(000's t) Ni(%) Cu(%) Tonnes
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Measured
Massive 148 2.43 0.03 3,600
Disseminated 0 0.00 0.00 0.00
Total 148 2.43 0.03 3,600
Indicated
Massive 41 1.76 0.04 720
Disseminated 410 1.10 0.01 4,500
Total 451 1.16 0.01 5,220
Total Measured
& Indicated
Massive 189 2.29 0.03 4,320
Disseminated 410 1.10 0.01 4,500
Total 599 1.47 0.02 8,820
Inferred
Massive 159 3.52 0.09 5,582
Disseminated 747 0.9 0.02 6,722
Total 905 1.36 0.03 12,304
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* Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.