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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Re: RN's statement about a PGM mine - PM
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CGB
Feb 24, 2008 01:10PM

You're absolutely right. Let's compare...

GCR hit 2.23% Nickel, 0.22% Copper, 0.20 g/t Platinum and 0.47 g/t Palladium. According to "What's That Rock Worth?" (http://www.kitcocasey.com/rockCalc.php) that's $665.85 per tonne.

NOT-07-01 hit 1.84% Nickel, 1.53% Copper, 1.14 g/t Platinum, 3.49 g/t Palladium, 0.13 g/t Gold and 5.3 g/t Silver. That's $787.21 per tonne.

NOT-07-02 hit 2.02% Nickel, 1.40% Copper, 1.00 g/t Platinum, 3.27 g/t Palladium, 0.14 g/t Gold and 5.3 g/t Silver. That's $814.08 per tonne.

Average the two hole and your get $800.65 per tonne of ore.

So I agree it's not as high as Noront's find, but we are comparing apples to apples. We might be comparing McIntosh to Red Delicious, but we're still in the apple family!

Cheers!

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