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 Goldhaven's message

I hold a Moly play with nearly identical numbers (after tax NPV (8%) of $551 million, IRR of 20.6%, CAPEX of $641 million) and its' current MCAP is only ~$70 million (despite being much further advanced than NOT). It's also in Canada (B.C.) so yes, this discrepancy is not a unique phenomenon. However, the Moly play does not have the expansion potential that NOT has.

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luker
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Toronto, Ontario
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Noront Resources
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NOT
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