Rock Chromite - $350-$750
Seems...........market, retail, brokers etc.............dunno 'bout Chromite.
Oh well...........no use beatin'..........a dead 'orse.
As long as youse ...............early investors know................anna profit ..............inna da long run!
Saw...........a movie..........da other night...................."War & Peace"......................da Russian General said
" Retreat...issa da last battle dat counts"!
Just da way I see dat!
HardRock
Bye fo' now!
from NOT's Aug Powrpoint:
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The Value of Noront’s Chromite Discovery
??
There is a global trade in high grade ore with current prices ranging between
$350 and $750 per tonne.
?? 40% Cr2O3
would sell for $600 per tonne exports.
?? 40% Cr2O3
is roughly equivalent to 3.5% Ni or over 8.5% Cu*.
?? Concentrate Cr2O3
would exceed $800/t at an additional cost of $5/t with a
$100M mill/pellitizer on site based on a million tonnes annual production.
??
Smelting process adds considerable value if the deposit is large enough to
justify the capital cost for a smelter.
??
The contained metal value (high carbon 65% Ferrochrome) in a tonne of 40%
Cr2O3
ore is $1890 ($2.05/lb Q3)
?? Global outlook is for rising prices for both high grade ore and ferrochrome.
