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: Re: Or we could add another 10 mil from Windfalls ez Gold

Re: Or we could add another 10 mil from Windfalls ez Gold

posted on Jul 13, 2008 03:49AM

Your figure of $5 Million to obtain access to the first two zones and take out bulk samples is likely very low. This ramp and access has gone over budget and I personally wouldn't be surprized at total cost to date of $8 to $10 million.

We'll find out soon because the jv partners on those first two zones will soon have to start paying a percentage of the costs involved once Noront informs them they've spent the aggreed amount for earn in.



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Jul 13, 2008 08:37AM
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