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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Discount Rate?

Noront Resources

about 14 years ago

Could someone with more experience with mining valuation provide some insight for me in terms of the 6% discount rate. From my own experience (not mining related) if I recall correctly, standard discount rates (at least those used by governments) tend to be 7% or more. In the case of the Eagle's Nest, this would unfortunately bring down the NPV... Considering that the 43-101 update used this rate, is this the standard rate accepted for 43-101 reporting? TIA.

pymmer