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.)

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Re: Tentative Size of Chromite Ore body?

Noront Resources

over 16 years ago

in response to PM's message

Yes that's nice but here hoping the final size is about 10 time this because at 10% of insitu value we need a lot more to affect share price.

My guess which could be totally off the wall is this deposit may be twice the size of initial guess BUT it's a freebee because that will pay all the costs of gettng to the even richer and larger lower ore body beneath this.

Market doesn't seem to recognize the fact that it is early in the Noront Story and gear up for full spring summer drilling/exploration by Noront and jv partners is just starting. Let alone all the others just now getting started with exploration.

By the end of 2008 it would be reasonable to expect Noront will have many more than 2 deposits for economic extraction at some point after the big guys buy.