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: Raw Metal Extrapolations

That Noront ever deviated from E1 before feasability was a mistake

Feasibilities are expensive and multidisipined, I suspect they backed off because they had defined the limits of E1. They used new geophysics to see if something was deeper and drilling todate has not indicated any success there. we would all like to see a 20-30 million ton Cu Ni deposit (and that is probably what it will take to make it a go up there). However smaller companies sometimes don't want to accept the reality that they have an uneconomic 2-3 tonner. They do study after study only to get the same results as the first. they perhaps might be better off accepting what they have and start scratching their vast property holdings

Share
New Message
Please login to post a reply