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.)

almost 16 years ago

Setting the Stage

Noront Resources

almost 16 years ago

in response to quackaphobe's message

Just to add to Rosedale's excellent post.

Everyone knows that the luster has faded from the 'ROF' these past months, primarily due to market conditions but the ROF has been depending almost solely upon Noront proving up an economical resource.

The other players share price in large part depended upon proximity to Noront's E1 area and Chromite just never ignited Market interest.

No question but Noront still remains the key to unlocking the potential value in the ROF and in the share price of all players.

E1 and other hinted at rich nickel on Noront's claims represents the cash flow required to support transportation infrastructure. Yes more valuable reserves be it Chromite, Nickel or PGM's are needed but to some extent it doesn't matter who finds these as Noront's deposit will still be needed to generate the fast and easy money to payback investment.

The above could result in a higher value on the E1 (and other) Noront Nickel resources than normally the case. Without these resources initiation of large project might not be possible!