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.)

almost 15 years ago

in response to stock greed's message

2008 world demand was approximately 8 million tonnes of ferrochrome. 2009 demand was estimated to fall to around 6 million tonnes. Ferrochrome currently sales for ( http://www.bloomberg.com/apps/news?pid=20601116&sid=aRr2QDJ5Wcbg ) $1.03usd/lb Q4 contract. So give or take the market is estimated to about a $6 billion dollar market in 2009.

Remember that ferrochrome is processed/smelted/upgraded chromite ore. Current (direct shipping) chrome ore prices (CR>42% South African origin -- http://www.ferro-alloys.com/Module/News/Content.aspx?NewsType=4&Nid=11127) are $240-$260/tonne and are estimated to go to $300-400/tonnes in 2010 (http://www.metalbulletin.com/Article/2316696/NonFerrous/Chrome-ore-prices-to-hit-300-400-cif-in-2010-Yildrim.html). Prices fluctuate significantly by grade.

... Been There