This is more than a little misleading to use the down dip 500m...

This is more than a little misleading to use the down dip 500m extension for an estimate across the whole 26km length of strike. Spend some time reading announcements, the down dip extent is only stated for the Joremeney Target in the Dobsina licence area, see announcement dated 6 Oct...and again in this mornings announcement.

This calc below is for the 1500m length of strike only, the SG has been balanced across the calc but is still only approximate.

I don't see that sufficient information has been released yet to form a wild guestimate for the whole resource.

But these are still nice big $$$ numbers, the drill results are going to be exciting.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0			Estimate - Dobsina Licence area
1			Strike Length	1500m	(Joromeny target, Dobsina licence area)
2			Vein Width	1.1m	(Avg of 0.7 - 1.5m)
3			Down dip extent	300m	(Dobsina, announcement dated 6/10/17)
4			SG - Cobalt	8.9
5			SG - Nickel	8.9
6			SG - granite/basalt	2.8
7			Cobalt Price	$60000/ton	$26.88 x 2240
8			Nickel Price	$12000/ton	$5.37 x 2240
9
10
11			Cobalt
12			1%	2%	3%	4%
13	Nickel	0%	$ 849,717,000	$ 1,735,668,000	$ 2,657,853,000	$ 3,616,272,000
14		1%	$ 1,041,400,800	$ 1,949,092,200	$ 2,893,017,600	$ 3,873,177,000
15		2%	$ 1,240,331,400	$ 2,169,763,200	$ 3,135,429,000	$ 4,137,328,800
16		3%	$ 1,446,508,800	$ 2,397,681,000	$ 3,385,087,200	$ 4,408,727,400
17		4%	$ 1,659,933,000	$ 2,632,845,600	$ 3,641,992,200	$ 4,687,372,800
18		5%	$ 1,880,604,000	$ 2,875,257,000	$ 3,906,144,000	$ 4,973,265,000
19		6%	$ 2,108,521,800	$ 3,124,915,200	$ 4,177,542,600	$ 5,266,404,000
20		7%	$ 2,343,686,400	$ 3,381,820,200	$ 4,456,188,000	$ 5,566,789,800
21		8%	$ 2,586,097,800	$ 3,645,972,000	$ 4,742,080,200	$ 5,874,422,400
22		9%	$ 2,835,756,000	$ 3,917,370,600	$ 5,035,219,200	$ 6,189,301,800
23		10%	$ 3,092,661,000	$ 4,196,016,000	$ 5,335,605,000	$ 6,511,428,000
24		11%	$ 3,356,812,800	$ 4,481,908,200	$ 5,643,237,600	$ 6,840,801,000
25		12%	$ 3,628,211,400	$ 4,775,047,200	$ 5,958,117,000	$ 7,177,420,800
26		13%	$ 3,906,856,800	$ 5,075,433,000	$ 6,280,243,200	$ 7,521,287,400
27		14%	$ 4,192,749,000	$ 5,383,065,600	$ 6,609,616,200	$ 7,872,400,800
28		15%	$ 4,485,888,000	$ 5,697,945,000	$ 6,946,236,000	$ 8,230,761,000
29		16%	$ 4,786,273,800	$ 6,020,071,200	$ 7,290,102,600	$ 8,596,368,000