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

in response to seawind's message

Seawind - yes, we have taken a different approach, but since the press release gave an exact percentage of chromium (Cr) that we had, and since the most current average price for Cr I could find was in U.S. dollars per metric tonne, I feel confident in my calculations. However, you are right to consider the cost of processing the Cr2O3 to obtain the pure Cr. There may be a percentage of waste as well, so that the Cr recovery is less than 100% of the contained metal (similar to processing other metals).