Blackwolf Copper & Gold Ltd Com HTRRF

november handout online.

[nofluff]

Hilites.

3000 of the 5000 meters 2 b drilled. Resource to be calced bringing all the additional not included intercepts in. Also including new drilling. Also including much higher current metal prices.

Without new drilling I calc average tonne value at 500.00 per tonne for a 3 billion current metals value.

I will guess the new drilling will b impressive. By the time the program is complete early next year, I will guess 5 billion worth indicated and infered.

That will just b the tip of the deposit.

2 more aquisitions close by being considered.

To put it in perspective the underground ncu mine has 2 billion proved at 160.00 rock and a 750 million capex for a 5000 tonne per say developement.

There resource does have huge upside. Htr mine is half built. No headframe or lift hole needed. All rail.

Money in place to build plant.

I have nothing 4 sale.

nf

[nofluff]

I was thinking about cost to barg to gravina island. 4 hrs with 2 loaders would load and unload a 2500 tonne barge. One way would take 8 hrs. So a 5000 tonne mill would require 2 barges. They use almost no fuel. Perhaos 1000.00 per day. 8 navigators at 500.00 would b total cost of 1 dollar per tonne. Plus 4 loaders at cost of 800.00 per day each plus miscelaneous. So 1.00 a tonne to move ore to

[nofluff]

Nevada copper total c1 is about 30.00 per tonne. I believe the nib plan is to heap leach the metals. So no concentrate treatment charges or freight. Pure metal at the mill site. 500.00 rock and almost pure profit.  Could this drill program take resource to 5 billion dollars?? Depends a lot on metal price used. If it did we could asume 10 billion in the mountain minimum. Another 10

[TELEMARKER]

heap leaching is for low grade deposits

[nofluff]

Sorry. That was with pm credit. True c1 is about 60.00 per tonne. Does not change the fact that nib is almost pure profit. Drill baby drill. nf