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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Message: Railroads, Gravel Roads and Ice Roads - what will it be???
4
Jul 08, 2008 12:43PM

On Noronts Website they have posted the following

Ice Road - 59 km Webequie

Marten Falls - 115 km South (not sure but I think Ice Roads again)

De Beers' Victor - 170 km East (all season road access)

Rail head to Moosonee - 400 km (connected via road to De Beers' Victor.

I have done some research based upon what it costs to build gravel roads and railroads in Alaska. Ice Road data came from Canada.

Excluding Bridges - Bridges cost $200MM-$300MM if you have to cross a river or a major span, which I don't think we do.... But if I am wrong that is important. And not good!

$40K per mile - ice road (good for 3 months)

$2MM per mile - gravel roads

$8MM per mile - railroad

Gravel Road ($224MM) - Most logical conclusion I can come up with is build a year round road to De Beers' Victor 122 Miles = $224 Million Dollars and truck the ore down to Mooseonee and then rail it to where-ever (800km round trip est trucking cost $3000-4000 per load). Hopefully Noront could get help and maybe bonds from the Canadian government to build this road.

Ice Road ($2-3MM) - If the Ice roads to Webequie is practicle that is super cheap in comparison but you only have the road for 3 months + only 59km. Might work well in the beginning? $2MM per year for these roads... very cheap in comparison

Rail Road ($3.2 Billion), that is if you don't have to build any bridges - which you will in a 400 mile span. There is at least one river you have to cross so figure ($3.5 Billion)

I think the whole equations depends upon not having to build any bridges? I don't see anything on the satalite photos but who can say... I don't build roads for a living...

5
Jul 08, 2008 04:59PM
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