Agoracom: Small Cap Investment - Noront Resources - Re: Tentative Size of Chromite Ore body?

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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Old Joe

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Re: Tentative Size of Chromite Ore body? - PM

in response to

Re: Tentative Size of Chromite Ore body?

posted on Jun 01, 2008 11:47AM

Welcome back!

As for the Cr, it seems that it's value is related to the Molecular composition it is found in and or the Compound(s) it can be easily formulated into. Thus the $200.00 - $300.00 per Tonne figure is the absolute low end of the scale and the upper end of the scale is is somewhat problematic to nail down. Consequently, Dr. Mungall and his part of the Geology Team continue to do analysis of the Deposit to further determine the most likely real value of the Cr Ore. As it stands now, the real value appears to be much higher than the Rock Bottom prices in the Metals Market. Thus, when they demonstrate consistency of "Quality" of Grade we will be able to assign it a higher value. How much higher is the unknown at this point, but considerably higher has been indicated.