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.)

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Re: Chrome

Noront Resources

almost 15 years ago

in response to CMP's message

That is a great post Mike and exposes the challenges FWR would have in going it alone or anyone else taking that deposit and going it alone. This is why the NOT/FWR merger makes it more feasible to justify the infrastructure.

At the end of the day, what we want is to have the RoF become a mining area and this will require a huge investment. That huge investment must be offset by a low risk/high ROI. With the current discoveries, there is not enough ore to have 2 companies taking on that risk. So this is why consolidation is needed.