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: Updated $ value/ton of Eagle.

Noront Resources

over 9 years ago

in response to Edgy's message

I thought that at this stage in the life of a company, Resource In Ground would be better pegged at maybe 5%. And considering the stall right now, that would be generous.

Five percent seems far more realistic than 50% profit. There are a lot of expenses in getting the ore out of the ground. Even that might be high. And shouldn't Discounted Cash Flow or NPV be used as models in a scenario like this, if pro forma budgeting analysis has been done?

I'm sure this will inititate an argument. Some will argue that it should be valued a lot higher than I've just suggested. Others will rationalize that it's worth nothing until we can get to it.