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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Playing with some numbers....

Noront Resources

about 16 years ago

....from the technical report, and I find that each cubic metre of the massive sulphide domain at Eagle 1 has a mineral content valuation of almost exactly $10,000. Of course, you never yield all the metal, as some is always lost to tailings, but the mineral values themselves are rather conservative, and I think that cancels out. Ten thousand bucks per cubic metre! <grin>

Lar