Agoracom: Small Cap Investment - McFaulds Lake Area - Re: RN's statement about a PGM mine

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Discuss the various junior resource companies within the McFaulds Lake Area

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CGB

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Re: RN's statement about a PGM mine - PM

in response to

Re: RN's statement about a PGM mine - PM

posted on Feb 24, 2008 02:01PM

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!