Agoracom: Small Cap Investment - Noront Resources - The story on Chrome, in line with BOD's earlier comment

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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Funkey

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The story on Chrome, in line with BOD's earlier comment

posted on Jun 08, 2009 12:21AM

One cannot really comment on the viability of the chrome deposit without having proper maps and crosssections, but this will be much more viable in let's say 6 months time.

We have the disadvantage of having to start a mine in an oversupply situation while other producers have written off all their expenditure (Bushveld).The ROF would need a big deposit, large opencast production volume and low transport cost to market (the latter being a question mark). All this requires a big sales volume; so the ROF needs a large share of the market, hamilton is right on this IMO.

Having high value minerals, such as nickel and copper changes the picture totally.Then chrome may become the byproduct.....as our BOD tells it.

GLTA,

Funkey

6 Recommendations

Re: The story on Chrome, in line with BOD's earlier comment

Polylabel

Jun 08, 2009 06:29AM

Re: The story on Chrome, in line with BOD's earlier comment

freesnot

Jun 08, 2009 07:10AM

Re: The story on Chrome, in line with BOD's earlier comment

Funkey