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 PM's message

Welcome back!

As for the Cr, it seems that it's value is related to the Molecular composition it is found in and or the Compound(s) it can be easily formulated into. Thus the $200.00 - $300.00 per Tonne figure is the absolute low end of the scale and the upper end of the scale is is somewhat problematic to nail down. Consequently, Dr. Mungall and his part of the Geology Team continue to do analysis of the Deposit to further determine the most likely real value of the Cr Ore. As it stands now, the real value appears to be much higher than the Rock Bottom prices in the Metals Market. Thus, when they demonstrate consistency of "Quality" of Grade we will be able to assign it a higher value. How much higher is the unknown at this point, but considerably higher has been indicated.

Old Joe