Agoracom: Small Cap Investment - Noront Resources - Why Nemis is excited about chromium values at Blackbird 1

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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rodg45

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Why Nemis is excited about chromium values at Blackbird 1

posted on Jul 25, 2008 03:54PM

I've been checking chromium ore prices, and it looks like $400/tonne is the going rate for selling raw ore comparable to ours (containing about 40% Cr2O3 {i.e., chromic oxide}). So, just for digging it out of the ground and putting it on a ship somewhere will bring that price for the raw ore. However, chromic oxide is 68.42% chromium. The processed chromium out of a metric tonne of rock at our Blackbird 1 deposit would be about 25% of a metric tonne (multiplying 0.40 times 0.6842). Chromium is selling for around $13,000 per metric tonne. That means that the final product value of pure chromium processed from one tonne of this high grade chromium ore at Blackbird 1 is worth about $3,000. Remember, our best high grade chromite hole was 49 meters (and every every cubic meter of such rock would weigh about 2 to 2 1/2 tonnes).

To see prices to sell chromium ore comparable to ours (i.e., with aprox. 40% Cr2O3) click on the following links:

http://www.alibaba.com/product-free/...

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