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: Today's news release.

Not very long ago some here were saying the Noront could not go it alone.
With this news release today they have their answer from an independent source.
Yes it is largely a repeat of old assertions. Why would anyone expect anything different?

Not only can the company go alone but it can have very healthy profits in the process.
Actually we did not need this release to tell us that we could be profitable. This
release only reaffirmed that operating costs are on the order of $120 per ton. With our resource being of value in the range of $500 to 700, huge profits are assured.

What this release told us is that going alone is quite feasable and now we know that
they see a possibility of doing so without a railway.
Not only without a railway but even an all season road is not absolutely necessary. Critical
items brought in by air? These are revelations that I did not expect.
So they must be content with stock piling the metals for shipment out during winter on
winter roads? If necessary.

Share
New Message
Please login to post a reply