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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Mineable Gold Grades

posted on Oct 29, 2008 04:16AM

Sorry for the second questions already this morning - When I do research on mineable grades of gold - I get between 10-11 grams per ton as the minimum needed? (am I wrong?)

Where the gold is matters alot of course? Hard to get a good feel for how our location compares with other mines in Canada?

Our 2 and 3 grams per ton that was in the Windfall report makes me think that this project should be put on hold for a few years until we make our money in the RoF. Since $29M will go fast!

I would love to know why I am wrong - as I am drinking the Noront Koolaid once again. I just don't see the new board proceeding with this project unless it is a cash postiive venture in the very near term?





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