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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in response to Edgy's message

Then if so valuable . Where is someone (boa) and their big bag of cash. If Not/Boa mined and had a profit of 8 Billion they would be plowing a road right now.....but they are not. Makes you ask yourself why? does it not.

You did not include a cut for FN , nor did you use a more realistic estimate of road cost. More like a Billion, not to mention how much for maintenance etc.

It will still be profitable, but you must include all variables and I don't believe the Gov. is going to fork over a Billion for a road and if they do ALL companies will be able to use this road.

It sounds wonderful and very hopeful if you are a sh of NOT...but the viability is really just not there , unless Not is willing to fund it themselves and use earnings to drill/ mine the chromite and additional ore. This to be viable will take a RR to extract. If KWG can process ore at $300 a ton cheaper than anyone else how do you think Not could compete? KWG could build a plant to mine/mill only their ore , they could hit the international maketplace. Anyone else trying would have to pay KWG for their technology.

JMHO

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cashin17
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