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: Nice while it lasted...

Noront Resources

over 9 years ago

in response to hgs225's message

A partner's reward/payout should be proportional to the risks/capital that they have incurred. So determine what the percentage of the ~$200million investment that Noront has made thus far, has been put up by those parties crying foul , and allot them that same percentage of any "rewards" that Noront has reaped thus far....have they put up $5miilion? (5/200 equals 2.5%, and 2.5%of $22million is $550,000)...$2million (2/200 equals 1%, 1% of $22 million is $220,000) and so on.

Seems like a very straightforward and fair approach to me. What colour is the sky in the world of those where that would not be considered to be fair?

Once again I am reminded of the quote "All animals are equal , but some animals are more equal than others".

Cheers,

Luker