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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Message: ROF - one year from now

Re: ROF - one year from now

posted on Sep 07, 2008 12:39PM

That post I put up was a cut and paste from the one I put on the Spider board initially, and I spent so much time putting it together that I forgot that it was specific to Spider's 43-101 at the beginning. Oops :)

Noront is most certainly not a one trick pony, in terms of properties and deposits! The further delineation at E1 will likely add up to 50% to the indicated, increasing the value by $1,000,000,000. (I like the zeros, seems more visual than saying billion).

E2, IMO, will be worth as much or more. And the chrome will probably overshadow the nickel value.

The nice thing about Noront is the fact that whether the world switches to Chrome or Nickel for the production of stainless steel, Noront will benefit, by having ample supplies of both!

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