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: Not good enough to take back to $7
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Not good enough to take back to $7

posted on Jul 04, 2008 05:05AM

Finally a peak at resources in DE1 and while on the low end of projection and way lower than some posted it's not bad as 2 million tonnes valued over $500 million open for adding to resource is one hell of a good start.

It's not the 5 million tonnes at higher value some where assuming but puts a number on this one deposit. Now add in speculative value for E2 and Windfall and market price should be considerably higher.

Maybe not what we'd like but removes the black cloud of doubt hanging over Noront. Those next assays from E2 will add a lot more clarity to the picture that's forming.

5 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply