Agoracom: Small Cap Investment - Noront Resources - Another Kemi comparison

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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FANTOMAS

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Another Kemi comparison - tonnage (coswil,poly ...)

posted on Sep 15, 2008 03:50PM

I think, if you compare Kemi to McFauld´s, you will find that with today´s FWR NR, there is a very good chance, that the McFauld´s Chrome Company (NOT,FWR,SPQ) will sport similar tonnages once the 43-101 on all chrome deposits of these three companies are added up.

And keep in mind, that NOT/FWR/SPQ are showing thicker zones and better grades than Kemi, so you would need less tonnage for similar value.

The Kemi mine was open pit (now underground to 500m), it consists of 11 ore bodies over a 15km strike lenght (Mc Fauld´s: 5 bodies over 10 km and counting).

Kemi´s ore bodies are 40m thick (McFauld´s: 20-100m , if FWR´s is ONE body).

Kemi hosts 41.1 Mt reserves @ 24,5% Cr2O3 and 86.1 Mt (mainly inferred) @ 29% Cr2O3 (McFauld´s: tbd, grades better than Kemi).

There is much more to come and with today´s FWR release there is no doubt, we have a big chrome mine @ McFauld´s !