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: New 43-101 explanation??

Noront Resources

over 14 years ago

in response to curt22go's message

As Hoov explained previously, the 3% cutoff is for direct shipping of ore to a smelter; it requires no further processing. Therfore, maximum profits for 3% and higher grades. The rest is still economical (down to around 1% IIRC, with tradeoffs for cost of recovery increasing with depth), for sure, just less profitable. With Nickel going for about $10/lb now, that picture keeps improving.