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: History in the making

Noront Resources

over 14 years ago

in response to FANTOMAS's message

I believe FWR total cost to CLF a little over $100 million all in, including pre-takeout investment. I think the important point is that the FWR share cost was only a small part of the ultimate CLF cost commitment. It's a little like the poor farmer who gets only pennies a pound for produce that can end up with massive adds to value and pricing through the chain. A fair price at the bottom of the chain results only if there is real competition to buy it. We just need some time for things to evolve and management to work with the motivated parties.