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: EAG's peanut game....

Noront Resources

over 14 years ago

in response to GleeGee's message

here a comment from another blog.

If you look at this one - they have 52 meters grading about 15 g/ton - so a total of 780 gram/ton if you took a slice through that weighed a ton (52*15 = 780).
However, one meter accounted for 550 g/ ton of that, so the other 51 meters has 780 - 550 or 230 grams/ton in it - so average grades of about 4 grams per ton.

What if they happned to include one nugget - one chunk of gold - in that one meter sample that is not representative of that entire meter.

Without that one high grade meter - the results are average not exceptional - it was the hope of continued high grade mineralization that had this pumped.

I am also concerned that the data was manipulated - that management purposely released only the first 33 meters with that one high grade zone to get the stock running - which they did very effectively - but that they new results from the last 19 and ask that they be re-analyzed to buy time. Just a concern - not accusing anyone - but it seems fishy.

Disclosure - sold my holdings in EAG, BGD and AEL - will play again on the momentum.