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 curt22go's message

Very interesting. I suspect that they used an incorrect molecular weight in their earlier calculations. It's pretty easy to systematically misreport derived statistics if one of the variables in the equation used is incorrect. I must only hope that they haven't incorrectly corrected a previously correct report. That is always a concern when the same people who made the mistake are making the correction.

As I have always done, I will call this as I see this. This is very good news. The change in the key variable in determining all of the economic parameters predicted by chromite ore grade has made each of those economic implications more positive.

Lar

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hoov
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