Re: windfall/PM
in response to
by
posted on
Jan 31, 2008 07:10AM
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)
You might have a point but Noront are past the exploration stage and had to get all kinds of permits and sign offs from Government to put in a mine portal. Waste dumps, environmental sign offs etc.. This was one of the major problems that delayed getting started.
I don't know for certain but feel they do have all proper approvals to sink a shaft and pull out ore. If they can legally get it out then they sure can sell it.