Agoracom: Small Cap Investment - Noront Resources - Re: Just spoke to Richard-2drills going elsewhere

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Old Joe

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Re: Just spoke to Richard-2drills going elsewhere - glorieux

in response to

Re: Just spoke to Richard-2drills going elsewhere

glorieux

posted on Nov 20, 2007 04:26PM

Many of the other mineral exploration companies I am/have been involved with own and operate their own drills. Based on that, I believe it is somewhat common practice. A couple have either bought out right small drilling contractors or a significant interest in one. This is exactly what Novack has done. The couple I referred to just now, having bought a drilling company, stated they did so to avoid difficulties in the ever tightening supply market for contracting a drill. Thus, they now can schedule their drill programs as they see fit and on their own terms and time lines.