Re: RN's statement about a PGM mine - PM
in response to
by
posted on
Feb 24, 2008 02:01PM
Discuss the various junior resource companies within the McFaulds Lake Area
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!