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)

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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.