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: So many have left
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Mar 10, 2011 09:24AM
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Mar 10, 2011 10:42AM
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Mar 10, 2011 02:51PM
What kind of analysis could one need? What applied to previous amount of resource still applies. The only difference is that instead of 11 million tons we have 20. I discount the East End because it's value per ton is less than the cost of processing. What it means, and here it is just opinion and conjecture, is that Noront not only has a substantially larger resource (and more to come may I add ) but that it has enough to be able to operate independently provided reasonable transportation becomes available.

You say - What is reasonable transportation in my opinion?

1. As is, that slurry pipeline as default. However I do not give it much credulity of happening because other means are almost sure to make it redundant. At least that is my hope and expectation. Those other means are following.

2. As a basis some kind of road to the Ring. Not necessarily to truck ore to the head of rail line because of operating expense but to ease all year access for all. I say natives will insist on one being built as part of their acceptance of development.

3. Here is the clincher. The rail line has to go in from Nakina to the Ring. Sooner or later it just has to, I see no alternative because it is the cheapest transportation barring some revolutionary concept which has to be cheaper to be trully revolutionary.

These subjects have been discussed and argued over so much on this forum that it is almost a nuisance to go over. I state this, my slant on it of course, for any new folks. Happy to oblige what I can. Cheers.

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Mar 10, 2011 03:56PM
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