how many condusive anomalie?
in response to
by
posted on
May 24, 2008 11:21AM
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)
FRom FNC
1-4, 1-3, 1-11 and 1-10 represent Fancamp conductors, the latter shared with Freewest. The red dots - EM profile anomalies, represent conductivity, the exact nature of which has yet to be ascertained....
From WSR + MTX= 9
Previous news ,I remember SPQ JV has around 12...
From yesterday TME recording interview,they mention = 2 dozens..
Previous news Noront= 8 then continue to grow without specifically named how many ,ours is around the red line
April 23 news from PRB ....> 40 conductors...
BMK drilled 8 targets in DEC and in Marc/April news mentioned they had increase multiple of news targets from new airborne result....
Assume 8 x multiple ( 3 )= 24 targets
Just from the above, there are more than 100 anomalies....who get the largest one, who get the richest one and who get the motherlode...all will be review when drills continue through the coming years... as more eagle found, much of the land value will increase rapidly in due course,
Noront may still hold the largest land , TME or BMK may be second ...
but ( NOT,SPQ ,FNC, PRB ,now WRS...) are close to the crucial red line...
if NOT spend millions just on Eagle 2, may be NN and RN are looking for the motherlode around that spot...
I myself think that the JV between companies may come to end soon as company may retain 100% controlled instaed of sharing the rewards/risks with the other
Up till now, I am still amazed why BMK gave out 75 % to WSR company and joint ventures with CCC, holding 50 % but with money has to spent by BMK
Again, who can have the better control of
a/ turnaround time from the Lab and
b/ the number of drills has the better chance to increase the share price exponentially....
most of our initial forcast done in January were pretty wrong as the above unforseen circumstances arise.
Hope that the month of July is the Noront time when we can wake up our friend zzzzzzzz
By the way, The resource magazine was still old April edition as I went to two Chapters bookstores this morning to look for iour Noront coverpage edition.
Bernard