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: Chromite

almost 16 years ago

almost 16 years ago

almost 16 years ago

Noront started the chromite ball rolling and FWR sure has put a spin on it with their impressive drill results. Noront likely has the best Geologists both practical and theoretical working on Chromite potential. FWR and NOT have close ties but co-operation only goes so far and a partnership on Chromite is a huge step for both parties.

I'd imagine there are some pretty large costs involved in putting together a 'game plan' for Chromite which FWR can't expect Noront to fund without some kind of deal. FWR won't fund such work as want to, like everyone, conserve $ for exploration.

At this moment nobody seems to have any handle whatsoever as to how to value Chromite deposits and only a general idea of size. However it seems there is just too much and of too high a value not to have economic value, certainly based on projected material pricing.

Maybe we'll see a Major entering the picture but my I'd love to see FWR and NOT ink a deal that's win/win for both to help get things moving full speed ahead.