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: Which route?
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"Our idea is that Noront is very unlikely to be able to finance a 12-year nickel deposit at a capital cost of $600 million to $700 million,” said Smeenk. “It is virtually unfinancable for that amount of money for that period of time. There’s nobody who will give you 15-year money backed by nickel. That’s our thesis. Maybe $200 million, $300 million or $400 million, but $700 million is a stretch, and we find their proposal exotic what with underground caverns and mills, and putting the tailings underground"

I will bet that they will surprise everyone with a big financing or may be it will be sold by that time !!!!

BigD

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