Noront Resources

Thanks Babjak for finding that out. The fact that the chromite outcrops in places and is up to 30m deep in others is of paramount importance. To give an example, if the 70meter wide orebody is under 100m of waste rock, you would have to remove by open pit methods probably 17000cubic meters to expose one meter length of the orebody. If your mine is 1000m long, than you are talking 17 million cubic meters of waste before you get to the first bench. This will cost $50 to $100 million to drill blast and deposit in a waste dump. After having to build roads, bring in power, build a plant, buy mining equipment, the stripping ratio and the initial cost may be prohibitive. Now, this is not the case and once a plant is built, ore will be available almost immediately. Nature helped out with that, now if government can help out with the road and the pieces of this puzzle can start falling neatly into place just before the economy rebounds and Babkak can have a closet full of bikinis!!

Mike