You know, it really ticks me off that this stock is so undervalued. We are not looking at the past to repeat itself, we are waiting for scientific and quantifiable data to detirmine the value of what is in the ground at Eagles Nest. We have been adding to it constantly since the original 43-101 was released. The original estimate shows we have 78.1 MM lb of copper, 136.4 MM lb nickel, 114100 oz PT, 387000 oz Pd. Based on todays prices, these four alone are worth $1.853 billion. The first estimate was down 240m so the metal value per meter is $7.72 million per meter depth on the average. I know you are thinking that there are recovery rates to think of and other losses but you get my drift.

Now, Noront has released many many times assays and drill updates on what is below this original estimate. The pencil keeps getting thicker and if you look at the profile on the website, it looks like we have a thousand meters so far at an average 50m width. The grades look pretty consistant. If we assume that it is 50m in the perpendicular direction which may be conservative given the constant message "open along strike", than we have 2. 5 million M3 of ore. At 3.5t per M3 on average, we have another 8.75 million tonnes. Lets say we are out by a third, so we have 6 million tonnes. I think this brings our total to 9 million which is a tripling of the resource. I happen to believe that since the orebody is still open in a couple directions, there is lots of blue sky. The problem is we have been distracted and a new 43-101 will get us back in the right direction, namely getting the mining world to believe we have 10 million tonnes at least.

Go Canada Go.