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Re: robinandthe7hoods post# 52

Monday, 09/16/2013 12:23:57 AM

Monday, September 16, 2013 12:23:57 AM

Post# of 126
And a response from another poster to the previous post,also from Stockhouse.


Bill,

Thanks for your posts. I've held REM and it's various spinoffs for about 9 years or so. I remember that you correctly identified the copper % from the Reed Lake discovery hole when only the photos were available.

Do you have a sense of what the copper % would be based on the core? Also, do you have any sense of what the overall % nickel equivlant would be (including the copper, PGE and cobalt if that can be detected in the visuals for the core)? Based on the nickel tenor, the 3.5% nickel equivalent seems about right that you estimated (although I noted in a technical paper that the nickel tenor is as high as 9%, not just 8%). I'm wondering if we are closer to 4% when the nickel-equivalents are included. Definitely spectacular by any measure!

Also, do you know if copper and the other metals also tend to get higher grades as we get deeper, as nickel does? For geology, I only took a course back in grade 12 so apologies for the basic questions.

I think the wildcard on the share price is the market being in the doldrums, but this may be countered by the small public float once the assays get released. Would be nice to get this up to 50 cents to a dollar so that some of the warrants can get exercised to fund next year's program. Would rather see this sooner than later, as who knows what black swan events are going to hit the market this year.

Thanks!
Read more at http://www.stockhouse.com/companies/bullboard/v.nan/north-american-nickel-inc?postid=21741327#rqPFiEImVbxJ9WCY.99