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.)

over 16 years ago

Teck Cominco is forecasting even greater demand and higher earnings in coming quarters due to Chinese demand and despite a U.S. recession. I got the following info off www.infomine.com :

"Mining and metals company Teck Cominco Ltd. (TSX:TCK.B) is predicting record earnings in the coming quarters due to strong demand for resources in China, and despite a U.S. economic downturn. "

There have been a few who have suggested that a major downturn in the American economy would hurt metals demand globally. But many analysts who've studied the subject disagree, and point out that China, India, S. Korea, Brazil, and many other countries have booming economies, despite the fact that they are doing less business with the U.S. than in the past. This forecast by Teck Cominco is just one more piece of evidence of robust prices in nickel, copper, platinum, etc., in the coming years. Great for us NOT longs!