Agoracom: Small Cap Investment - Noront Resources - Tentative Size of Chromite Ore Body?

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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AlsoFromSudbury

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Tentative Size of Chromite Ore Body?

posted on Jun 01, 2008 09:40AM

PM,

If we are agreed that the approximate volume is 670,000 cu m then the chromite tonnage is 670,000 x 4.6 (SG of Chromite) = 3,082,000 tonnes.

Chromite value at $200 per tonne equates to ~0.85 % nickel (at $10/Lb). Add the in situ of 0.15 % and the approximate comparitive value totals 1% nickel.