To expand on Babjak's posting.
I do not like to repeatedly say the obvious but after a year or more from the last time, may I remind old timers and comfort those new to Noront's Eagle's Nest:
Sometime in 2009 to 2010 I did a ball park calculation of the richness of Eagle's ore.
Simply put, after the necessary infrastructures in place including the mine, a dollar spent for operating the mine would have returned 6, meaning five dollars as return before taxes and royalties. Just the platinum and palladium would have paid for operating costs, copper and nickel virtually free. That was with metal prices then. Now it is still a safe bet that a return of 4 from 1 dollar is still likely.
Over the years some here were worrying about metal prices and nickel mines closing or moth balling. I on the other hand was cheering on the side lines.
WHY, anyone asks?
Because the more non-competitive mines close the more of the market will remain for our Eagle. Basicly it is hard to find nickel bearing ore that can compete with Eagle's Nest. It is not just about PGEs, even though many mines were built on just the equivalent of our precious metals, it is about the ore as a whole.
Cheers to all die hard stallwarts who against all odds are still holding, Ed.