Re: Noront today and in 2 weeks

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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Lance Swago

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Re: Noront today and in 2 weeks

in response to

Re: Noront today and in 2 weeks

Polylabel

posted on Jan 23, 2008 02:27AM

PP, public offerings, and JV, we should all take a big deep breath and slow down. Richard N said himself that they had 30 mil in the bank at a burn rate of 2 to 3 mil I would say that they are good for about 10 months.

That give him/them plenty of time before they run out off money. In the mean time they could hit 2 or 3 more anomolies (we all hope).

I could be wrong about the exact figures but one of our respected posters said they spoke to Richard possed that question and he gave that response.