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)

Free
Message: Bad Poly

Bad Poly

posted on Jan 30, 2008 02:04PM

We have all been almost totally concentrated on DE 1 and great prospects for DE 2 as well as the great value Windfall will bring to the table.

This is all I care about and by my book all we should care about.

But what about Burnt Hill, China and other properties? I looked some time ago and wasn't impressed. Maybe OK when share price and company valuation was minimal but what about now.

Well Burnt Hill might, if tungsten prices stay high, have an insitu value around 250 million, but there is the jv partner and a net royalty issue here. If we be generous and use insitu value of 20% and split that up it maybe puts, evenually 25 million in value on Noront Shares. Divide that up over shares outstanding and it's what maybe 20 cents?

The other properties, not anything you could put any value on. China jv'd with weak partner and nothing much of interest on the Freewest property in Ontario.

Love to here someone tell me I'm wrong but to me it's Windfall and Double Eagle all the way.

Share
New Message
Please login to post a reply