Hi arlberg1The following statement about the ‘Main Zone’ in one...

Hi arlberg1

The following statement about the ‘Main Zone’ in one of the recent announcements is ‘slightly’ positive depending on what you think ‘potentially’ implies: ‘Already it has the dimensions to be a potentially economic zone of mineralisation.’, as is the following statement about the ‘Northern Zone’: ’Recent drilling has concentrated on the Northern Zone where a potentially thicker higher grade zone of mineralisation is present.

I agree that the ‘Northern Zone’ is thicker but the grades are lower than the 'Main Zone' at the moment. For the ‘Northern Zone’ at present I have an average grade of approximately 1.1% Ni, whereas for the ‘Main Zone’ I have an average grade of approximately 1.8% Ni (I have not included any estimates of the PGE’s in my calculations, they may add 5-10%). Of the 21 holes drilled into the ‘Main Zone’ only 9 have a ‘reported width’ of greater than 5m and only 3 of those 9 holes have a grade for the whole interval above 2% Ni.

It looks like a lot more drilling is required before we know whether they have found an ‘economic zone of mineralisation’.