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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Message: Re: Outrageous
25
Nov 11, 2008 01:04PM

Re: Outrageous

posted on Nov 11, 2008 01:47PM
Noront's management anticipates that proposed exploration budgets for these work programs will be approximately $10-$20 million for the year. Working capital at the end of October was approximately $25 million.
We should be good for the next 1 to 2.5 years, why the financing now? Let me guess, in 12 months the SP could be too high for rewarding PP ??
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