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.)

about 15 years ago

in response to herbertwiebe's message

Hey Herb, great post...I love math and it was a pleasure to go thru that exercise.

Now here is another math problem for you:

The rumor of hole 51 being on FNC does not want to quit and so the price of FNC keeps getting support. Maybe this was started by FNC to get a better PP price but lets say it is true. Now, the corner of FNC which is the closest to Eagle 1 is 450M away. What happens to your math if you have a 450 meter step out hole? I will tell you what happens. FNC will do fine I have no doubt about that BUT NOT would explode to over $20 so fast by the time we woke up crazydik we would already be at $30. Why you say? Well you did the math, just change your x from 50 to 450 and see what the tonnage works out to.

Glorieux