Noront Looking To Do Some Shipping of Ore

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doryloads

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Noront Looking To Do Some Shipping of Ore

posted on Jul 04, 2008 05:07AM

In their news release today they stated the following:

"The realization of very high Ni grades (6.5% to 7.0%) in the massive sulphide zone allows Noront to consider the possibility of first shipping unprocessed ore to a southern based concentrator/smelter complex. The construction of an on site concentrator for the disseminated mineralization would be accomplished out of operating cash flow under this scenario. This concept would be considered in an early preliminary economic assessment with minimal capital costs and an early production date, subject to all necessary consents, approvals, permits and land use requirements. While Noront would need to complete a feasibility study, prior to undertaking this direct shipping approach, management of Noront anticipates there would likely be potentially minimal impact to the environment and the mine development would provide road access to several local native communities currently with air access only."

JohnDefur/Snug/Kelsee/Cylinder - any comments on the latest news release from Noront and how it might affect Spider?