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

My explaination at $10/lb NI

The resource 11.2 MT equals C$4.45B for the NI stand alone, no byproduct credit factored...

Now factor the CU and PGE's...nice tally for the Eagle One property all on its own...

We all know Noront has many other prospective properties in the works.

Consider Infrastructure is on its way...

You can conclude Eagle One will be mined...and that

Noront as a whole is seriously undervalued!

Cheers, mark

(1 tonnes = 1204.62 lbs)

(6.9 MT = 15,211,878,000lbs x .0204 = 310,322,311 lbs NI)

(4.3 MT = 9,479,866,000lbs x .0142 = 134,614,097 lbs NI)

Please login to post a reply
LTGoldBull2
City
Belleville
Rank
President
Activity Points
19681
Rating
Your Rating
Date Joined
09/16/2007
Social Links
Private Message
Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
Create a Post