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: RR or road

Noront Resources

about 10 years ago

in response to cashin17's message

Cashin:
"But Not's nickel todate is barely viable to extract if they have to build the infrastructure on their own."
Seems to me you have not read or remember my posts ( Glorieux's also?) from the last few years regarding value of Eagle's Nest alone.

It was conservatively 12 Billion $s. After operational costs and taxes about 8 billion should go into the company as clear profit.

( For every dollar spent 6 comes back, 1 for operations and about 5 of those remain for taxes and profit.)

The road was estimated a while back to cost us 650 million, about same as the mine. Should only we build the road ( very unlikely imho) we should collect tarrifs on it so some of that cost should come back over the years. ( I think there was an estimate by the company that the share of road costs to Noront are expected to be about 150 million?)

So I beg to differ re 'barely viable'?