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.)

over 14 years ago

in response to glorieux's message

Glorieux:

You write: "We will not get any loans even with a great 43-101 resource estimate unless the mining plan is in place...."

To get financing one needs a bankable feasibility study, that in turn requires a mining plan, based on latest 43-101 resource estimate. If mining is planned, it would also need to consider besides infrastructure placing orders for equipment on long delivery, etc. If mining is feasible, and is being planned, other sources of financing would become available, e.g. preference shares, be it convertible or non-convertible, it is popular form of raising capital in Europe, because it offers some safety to investors, and is non-diluting to existing control.

Presumably our B.o.D. and their advisors are aware of all these and more possibilities available to Noront.

As the Chinese would say it: We live in interesting times.

Good luck to All!

durban1