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: Noront silence noted/peter

Noront Resources

over 12 years ago

in response to NevilleD's message

"Silence may be the best weapon here. Let Cliffs and the Province hammer out the funding and do the legwork for infrastructure. Noront rides the coattails. What do you think??-NevilleD"

Agree. I think NOT's pending (and overdue) feasibilty study(bankable) can now be updated(and released) with lowered road/rail cost assumptions and earlier Cr revenue start date assumptions, for example. Better ROI, higher profits; earlier start-up; banks and NOT will love it.

Baosteel would love this power/transportation assurance by ON. Risk reduction of costs; earlier start for NOT's RAMP (Ni extetions to depth; earlier Platinum/Paladium revenur streams, etc ); and good for PRB and FNC's Cr market value/marketability: The PRB/FNC Chromite is no longer stranded.

Peter