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: Peter Lynch

Re: So much optimism

posted on Sep 21, 2008 02:49PM

It is indeed great that FNC hit nice thickness of Chromium with their first drill hole. However there is no idea at all as to what the grade might be and neither are their detailed magnetic geophysics to indicate potential size.

Noront remains the only player in the ROF with actual proven reserves (nickel) and cheromium assays for a very rich two deposits (might turn out to be joined). Look at the maps and you'll see Noront is likely to have lions share of chromium.

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