King River Resources Ltd T.KRR.W

RE:FPX nickel to produce 45,000 tons/yr nickel worth 75 mil

[Rainman01]

I don't believe Dumont Nickel is worth 1 billion but I didn't set the price. But what is estimate 6 billion pounds of nickel and 243 million pounds of cobalt worth these days. Dumont Nickel project has alot going for it as shovel ready open pit mining district with hydro near by and roads and infrastructure. Waterton received a deal and a half for 50 % for 22 million. All together we would receive 90 million compensation not to bad but not if we have to wait to long to get our remaining 40 million. I just want our cash in our bank account because there is no value in that asset what so ever while we wait. You are absolutely right about our nickel reserves at Beta Hunt our share price shows no value for it at this point in time. They have already started the VW battery plant in St Thomas and talk of Honda also building a battery plant in Ontario also. I believe nickel will be in high demand within the next two years with that increase in price also which will give us great value for our share price eventually.