Re: Regurgiltation of a few points
in response to
by
posted on
Dec 30, 2007 06:06AM
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)
Nicely done, but in consideration of point 4:
#4 Probe actually drilled 11 holes on DE and turned the property back to Noront when nothing economic found. Another indication that finding economic mineralization isn't easy.
With the improved technology for measuring anomalies and and the new perspective on interpreting the results, the participating companies no doubt have a much greater expectation of increasing their success rate. How much so is soon to be revealed. It still won't be a walk in the park but they seem to be banking on its advantages.