Agoracom: Small Cap Investment - Noront Resources - Re: Update

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Back To Forum List View

Re: Update - Mining junkie.

bravekind

Sep 20, 2007 03:51PM

Rank: Mail Room [?]

Points: 150 [?]

Votes: 21 Score: 3.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Update - Mining junkie.

in response to

Re: Update - Mining junkie.

bravekind

posted on Sep 20, 2007 04:35PM

So NOT is worth estimated 8 $ only for Double Eagle / James Bay.

Add x $ for Windfall

Add y $ for Burnt Hill Moly/Tungsten

Add z $ for the other 10 projects (13 projects in total).

That's my next homework ;-) or does it someone else?

Then, the next step is the mine calculation.

A mine with 6M tons and 1,600 $/t has 9,600 M$ in ground value.

If this is mined in 20 years, they get 480 M$ each year.

With 50 % cost, they get 240 M$ earning each year.

With a price/earning ratio of 10, they could have a market cap of 2,400 M$. Divided by 120 M shares, that is a 20$ price target, if there is no more dilution, at mining start. Only for Double Eagle.