Re: In case of run-up... have a question...(OT?)

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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khareema

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Re: In case of run-up... have a question...(OT?)

in response to

Re: In case of run-up... have a question...(OT?)

Polylabel

posted on Aug 10, 2009 01:10PM

"Price just went up for any Major wanting to buy in a position because Noront doesn't need the extra cash and can dicker from strength."

This is the important point for everyone to pay attention to. There is now sufficient funds in the bank to drill the additional (pods?) off to produce 43-101 with an expanded resource of in excess of 10m tons (providing the minerals are there). By that point infrastructure announcements will be in place, and the chrome/ vanadium will be added resources. It could take to year end to realize some of this and maybe even most of 2010, but with the way nickel prices are climbing that could be a boon as well.