JV with other exploration companies
in response to
by
posted on
Jul 16, 2008 04:26PM
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)
This is a Summary from last 9 months news:
Noront JV with 1st year commitment plan to drill
Passort 450,000
Bold 600,000
Hawk 1,000,000 started
Intrinsic 1,300,000
Seafield 600,000
Southampton 1,000,000
WSR 1,500,000 very soon
Lund 1,000,000
FWR Shared very soon
Tme and Baltic Shared
Golden Valley + WSR 1,000,000
total 11 > 8,000,000
From Hawk April news, they mentioned Hawk will be using one of the three drills from Noront....
From Snug's message in SPQ forum, Neil mentioned SPQ is spending around Cad 400,000/month if drilling takes place...( let assume 4 holes /month,each hole costs 100,000) we will have.. may be.. 80 holes from JV discounting the collectively effort/cost spent in geophysics
The coming months is going to be very interesting...some of "street rumors " will definitely become facts...
BH