Agoracom: Small Cap Investment - Noront Resources - Re: Value Blackbird 2?

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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Old Joe

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Re: Value Blackbird 2? - Semismart

in response to

Value Blackbird 2?

semismart

posted on Sep 23, 2008 01:38PM

For what it is worth, my quick and dirty calculation on DE1 with current proven resources is for a profit of ~$750 000 000.00 plus what ever the additional 2 million tonnes of lower grades yields. the lower grade ore will be mined once they have set up mining for the higher grade ore cause the Capital Costs of development will not be a factor and thus only operating costs will decide how much more prifit will result from the mining of the lower grade ore.

By the time they ARE in production on the high grade ore they will be able to start in on development of the Chromite Deposit(s) using the DE1 profits to pay the Blackbird(s) development costs. The Wheels are apparently all ready rollong on this very situation and thus it is now simply a "Steady as she Goes, Skipper!" process.