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.)

Home Videos Research Press Release Q&A Discussion

Threads Posts

Re: First time seeing......

Noront Resources

almost 10 years ago

in response to ANL's message

I have also not looked at it until now.

What cought my attention is page 9:

Noront Financing Requirements $CDN(000)
Pre-Production Capital
Mining $ 195
Processing 113
Site-Infrastructure 100
In-directs 158
Contingency 44
Initial Working Capital 30
Interest and Fees 40
Total $ 680

This is thousands of $s, did they not mean millions? I think so.

Also if so, then In-directs of 158 million, does that not mostly represent the road costs?.