Back in November 2007 and again in February 2008 I did an analysis on PGE mines, after Richard Nemis´ comment :
"we had enough PGE's to generate a mine just for this"
As you can see from my two postings
Nov 2007: http://agoracom.com/ir/Noront/forums/discussion/topics/168363-put-eagle-1-so-far-on-the-world-league-chart/messages/633237#message
Feb 2008: http://agoracom.com/ir/Noront/forums/discussion/topics/199573-just-spoke-to-richard/messages/736375#message
I came to the conclusion (bare in mind that the NI 43-101 for Eagle 1 was not available at that point) that Noront with an open-pit deposit like Eagle 1 (beginning 7 metres below surface!) would compare very favourably to "world-class" PGE mines (if the grades would continue throughout the deposit), especially compared to South African underground (up to 3000 metres) PGE mines.
The best PGE mines are operating at up to 24g/t 3E-PGE (meaning combination of platinum, palladium and gold), with a lot of them (especially at Bushveld SA @ 3000m) economically mining between 3-6 g/t 3E-PGE !
Noront´s Eagle 1 (Level 1A) came up with (NI 43-101) 5,18 g/t 3E-PGE (indicated) and 6,0 g/t 3E-PGE (inferred).
And now Level 1B returns 2,9 g/t PGE (Au missing?) and Level 1C returns 6,1 g/t PGE (without Au again).
If this is not a confirmation of a substantial (stand-alone) PGE deposit, then I don´t know what would !
FANTOMAS
P.S.: BTW, we found some Nickel and Copper as well. Might be mined along with the PGE´s ! LOL
P.P.S. And where is the Rhodium ? Was the whole PGE suite analysed ?
