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: It was my pleasure...(Hoov, Mynot)

Noront Resources

over 13 years ago

in response to jacki79's message

I think on some level it could also be an attempt to be a bit conservative with cash. We just did a recent pp but if we dont hit something significant during this drilling campaign it may be increasingly difficult to raise money so i think by having fewer drills you need fewer geos and staff and the burn rate goes down again just speculating i hope its not the case but this wouldnt be the first time an exploration company had to start being a bit more conservative.