not so public information, page-25

Zachary...

you say I'm wrong on all accounts then admit that "over 15%" was reported..

btw 25% and 50% are over 15.. so I was correct on that account...?

I was looking purely at the announcements which made SFR run to 4$ (450mil MC at the time) and they were higher CU equivalent than SIR and longer strike lengths:

SFR initial drills:

26m @ 3.2% CU + 29g/t Ag = 26m @ ~15% CU equiv

75m @ 2.4% Cu & 10.9g/t AG = 75m @ ~7.6% Cu Equiv

SIR initial drills:

13m @ 4.3% Ni and 1.83% Cu = 13m @ 10.5% CU Equiv

4m @ 9% CU Equiv (3.8% ni and 1.42% Cu)

9m @ 1.48% Ni and 0.86% Cu = 9m @ 3.82% Cu Equiv..

Zach, Maybe same model but the strike lengths and grades speak for themselves.

You think SIR going to be at their best grade the entire resource? no, most likely they will be like SFR, show the amazing grades to SH and total resource will be substantially lower grade (although 5% Cu resource is no poor matter).

So, facts? I think you need some. Btw this isn't saying SIR won't run that high, market isn't a straight forward this will be the exact same as last time. It is just something to note as SIR reaches for that 450mil market cap where SFR stagnated.

Nih :)