GREY:LBEFF - Post by User
Comment by
angler21on May 03, 2009 3:12pm
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Post# 15963017
RE: RE: RE: RE: RE: drillbillion lbs ni
RE: RE: RE: RE: RE: drillbillion lbs niI was thinking I was reading alot about ISM. The company ISM chose to change their form and spend all that money rather then produce a report. I found the Lbe news release very interesting. It just showed how Ni cutoff grades can be used so effectively. The old McWatters Technical Report had a table 16-6 Grade sensitivity table for disseminated sulphide ore Indicate. At cut-off Ni% grades:
At above 0.2% Ni there are 1,703,289 tons of Ni at 0.49%.
At above 0.5 % Ni there are 665,308 tons of Ni at 0.72%,
The latter number has been used in our Resource Statement and the first number was mentioned in our press release. More and more of our old Technical report is proving true. The amended technical report still supports the same release. Anyway,those are the numbers used in our press release and they are the numbers showing on page 83 of our old report dated 16 May 2008. (also p 68 of our new report Table 16-6 dated 16 Dec 2008). Just a piece of trivia for those interested!