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)
Message: Back of the envelope calculations
There has been endless speculation regarding the insitu value of Noront's discoveries thus far. Here are some calculations that I've done on Bard Ventures Ltd. (a pure Moly play in B.C.)::
Assumptions: 232 million pounds of Moly (43-101 compliant) delineated thus far
InSitu Value @ $16/lb. : $3,712,000,000 USD ($3.340 billion with 90% recovery)
$18/lb. : 4,176,000,000 ($3.758 billion)
$20/lb. : 4,640,000,000 ($4.176 billion)
Current SP: 7cents US (8/6/09)x100 million shares=Market Cap of $7 million US
Current Market Cap is ~1/500th of insitu value !!!
NB: Potential Rhenium Byproduct credit not accounted for in above (Rhenium price ~ $3000/lb.)
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