Amigos, Corazon's JORC resource for nickel is 116,000 tons, and...

Amigos, Corazon's JORC resource for nickel is 116,000 tons, and at the moment nickel is +US$13,000 per ton, so the inground resource for nickel is roughly 116,000 x 13,000 = +US$1.7 billion. When the credits for copper and cobalt are added, the resource is roughly +US$2 billion. Also, the ore grades are good and its a lage sulfide deposit. Not bad for a company with a market cap of only $6 million and $1 million in cash. If these shallow drill intercepts have grades which are reasonably good, there could be a substantial increase in the JORC. And there are plenty of ore bodies in the mining camp which have not been included in the JORC because they haven't been drilled sufficiently. Also, the mining studies which are underway, may show relatively low mining & processing costs.Today the market woke up to the mining potential.