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.)
in response to Polylabel's message

"Price just went up for any Major wanting to buy in a position because Noront doesn't need the extra cash and can dicker from strength."

This is the important point for everyone to pay attention to. There is now sufficient funds in the bank to drill the additional (pods?) off to produce 43-101 with an expanded resource of in excess of 10m tons (providing the minerals are there). By that point infrastructure announcements will be in place, and the chrome/ vanadium will be added resources. It could take to year end to realize some of this and maybe even most of 2010, but with the way nickel prices are climbing that could be a boon as well.

Regards

K

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khareema
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Noront Resources
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