Re: Hate to give negative prognosis...Fossil
in response to
by
posted on
Sep 04, 2013 12:40AM
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)
Whether it goes to .30, or .50, is anybody's guess. And a guess is all it will be, since we still don't have any factual information on why it went from .25 to .42.
I find the suggestion that KWG has put forward very interesting. As I understand it, Noront has a nickel deposit that can justify a ramp being driven down to sufficient depth to mine it. It also, as a second option has a huge amount of chromite down there that they could theoretically also access via this ramp, but there is no indication as to whether this could be done economically.
Now, suddenly , we have the suggestion that someone else could share some of the costs of this ramp in order to mine their chromite instead of our own.
What am I missing here.
Best
K