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.)

Good Morning,

You wrote:

A) This presupposes that the world's economy will rebound into it's recent level.

All data produced so far says 'NO WAY'. Estimates run from 2 - 20 years to rebound to former levels.

I do not recall reading anything to suggest such a time frame. Where is this coming from?

You Wrote:

If this is the case what happens to the projected Chromate requirements, which today's posts tend to show next year as having a normal demand?

I think I'll let Cliff's figure that one out. They are the principal users, and at this point, importers of Chromite.

Good for you to raise these things as it helps to solidify my belief in the ROF as a future mining district.

Good luck to you Amigo.

Pete

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