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 baz's message
March news from WSR 

.... Mobilized and completed construction of a 20 person exploration camp
with all the required equipment...one drill

From April/May....

our forum member asked RN how many were working at site,
there was an indication that around 100 people in site..3-4 drills..

let say an average of 20 persons /drill with 2-3 shift /day..

forcast : in coming September,at least 15 companies have done the geophysics,
and since we are the first one that had sign contracts with 7-8 JVs

BMK also sign 3-4 JVs ,we can predict that in each contract,the party has to fulfill
 the first year obligation, hopefully

at least 15 explorations companies will have at least one-2 drills in operations..

let say total drills = 25 drills ,there will be at least 500 persons working at the same time

let say one drill needs one week per hole, total drills 25x 4 holes =100 holes,

important to know at least half of them are related to Noront, we by that time are producing 50 holes/month ...

personally, I am convinced that by that time our share price is going to start moving very very quickly...

in the next 60 days when we look back, 2.72 /share price is unimaginary low..

hope we can wake up zzzzz.....

my previous prediction was out a bit as the assays result had not come out

even the ACtlab are in operation for almost 2 months already...






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bernardho
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