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: Re: Cash Burn Rate well over $ 3,5 M / month

Well the company isn't too worried about the burn rate. They are being as thrifty as is humanly possible. The monkey wrench is the fact that Noront is so proactive and moving ahead so fast that it may take awhile for cash to catch up with her.

Sure they have adopted the Jv approach to save money but at the same time they are also spending money of jvs. The last jv begins at 10% and NOT is required to spend quite a bit for thee days and then it changes of course from there if NOT wants more.

My point is the NOT, although frugal, does not let this slow its hurried advance.

As for Windfall. As I have said before, I am here for Windfall and I have a feeling the whole market is going to get a big surprise regarding the quality of sample from The Main zone. The rock will be extremely heavy IMHO and that rock will be a cash cow for NOT.

Don

Share
New Message
Please login to post a reply