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: North South ROAD not 4 Cliffs?

Noront Resources

almost 12 years ago

in response to Edgy's message

It appears that "access fees" will be the mode of payment for "all industrial users other than Cliffs" based on the notion that the road will be built by a partnership of government and Cliffs. Junior miners do not have the kind of capital or cash flow to fund such a massive project, without outrageous dilution, so this seems like a good deal for Noront and other small companies in the Ring, to "pay as you go" once in production.

That is my take on it anyway. Is there is a more plausible explanation?