Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)
in response to imaviking's message

Your right. Thanks for checking my math. Used the wrong column from other calculations.

Gross in-situ metal value of Ovoid in 1996 = $10.9B

$4.3B represents 39% of gross in-situ metal value

Gross in-situ metal value of DE1 currrently = $4.5B

Potential value of DE1 to NOT = $1.8B or $14.06/sh

 

Now all of us should sleep very well tonight. Thanks for checking my math.

 

Cheers

geoprof 

Please login to post a reply
geoprof
City
Toronto
Rank
President
Activity Points
5933
Rating
Your Rating
Date Joined
02/22/2008
Social Links
Private Message
Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
Create a Post