Re: Share Price and Valuation in Perspective
in response to
by
posted on
Mar 16, 2008 08:48AM
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)
2 years is what I keep hearing and what I am planning for. Now, you should note that the JV are for peripheral claims units. Noront will drill these 8 anomalies themselves along with the conduits. They will drill most or all of these anomalies at least a few times over the few months, maybe till July. Then the more tedious work of drilling to establish tonnage and NI 43-101 will take another 1.5 years. This maybe be faster but I believe this is a safe horizon of time to plan on.
Glorieux