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: Re: Mine Expectation.
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Apr 30, 2010 12:08PM
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Apr 30, 2010 12:33PM

Scarff I Strongly Disagree.
Our BofD are progressing to a working mine, and it will be a mine because we already have more than enough of a resource to make one viable at Eagle's Nest alone.

You are correct in the aspect that the only thing that will prevent Noront from operating the mine is if we are bought out before it happens.

It will not be as long as you use the comparison of Voisey's because they had to take time to verify the resource and it was in a time of a mine exploration and aquisition bubble.
Noront's Eagle is fairly explored and verified that there is enough economical resoure for a mine already. The only major block to the construction of a mine is transportation and available power. The provincial government should get their act in with the times and build an all weather road and power lines to the area. Also perhaps partner up with Cliffs and to a lesser degree with Noront and other companies in the Ring to build a rail line.
Once the above are in place one could expect a Noront nickel mine built within two years after that.

Also note that most of the management of Noront is of people that have long experience in mine construction, operation and to make it profitable. They did not drop by by accident, They are serious.

You have your opinion and doubts and I have mine, that is what this forum is for, to share opinions with every one. Cheers.

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Apr 30, 2010 12:52PM
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Apr 30, 2010 03:54PM
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