I know that Chromite is sold by contract and is not openly traded due to a variety of grades and consistancies.

Here is my question? If a major buys our deposit how will it work?

1. Will they say - we will pay you $X per ton, and build a mine

2. Will they pay $X for the whole claim once the whole amount is proven for the chromite? Would they mine the Nickel, etc. at the same time?

3. Some other way it could be sold that I don't know about

Group forgive me for not doing my own DD but I have no idea where I could find this information out? I am just working on my valuation of Noront and how this will be sold so I can estimate what in-site value we can expect to yield, if/when a mine becomes a viable plan. Wondering what the time-frame is for any potential sale, 1,2,5 years, etc.

Thx,

Semi-smart.