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)
Message: Life Cycle
Throughout my NORONT days I have tried to place us on this chart. Looks like we are fully in the development, Investment, Analysis stage with a worldwide economic crisis thrown in the mix, UNLESS we come up with another core of thick nickel from another deposit area... then we could have a quick return to the Discovery / Speculation stage. This is is why, for me, the silence is deafening.
The odds are still good I think. Noront has found nickel, and has a LARGE staking area along the ring. One drill could change everything.
BK
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