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.)

almost 14 years ago

in response to geoprof's message

I am very happy they have drilled deep and found substantial Ni & Cu.

It is also interesting that there has not been more speculative buying in anticipation of PGm's tests to follow....I suspect many of the most knowledgeable investors in NOT feel bruised and tired at this point.

Ring of Fire is not a big part of my portfolio & I bought a little more.

The present pattern is lots of chromite at surface, with few incidences at surface of Ni, & PGE's except for NOT's jackpot initial find.

This pattern could persist and deeper drilling be required on all claims to find more Ni & Pge.

My feeling is that the initial jackpot find has substantial PGm's & Ni below.