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)

Free
Message: Re: Noront's $ burn rate
12
Oct 24, 2009 01:47PM
11
Oct 24, 2009 02:16PM
7
Oct 24, 2009 02:16PM
17
Oct 24, 2009 04:09PM

'Its got to be a lot, 5 drills, helicopter, camp crew, planes. When will they have to return to the market for another financing?'

That is a very leading question. Would you not say that the above list you outlined is quite impressive for a jr miner at this stage of development. We just finished a PP and now have monies in the bank for resource development and possible M&A. The burn rate will be proportional to the planned resource development. For now it is all drills on nickel. Over the past year we have greatly decreased the prior burn rates NOT has become far more efficient as far as expenditure dollars are spent.

Not sure what amount you had in mind 'Its got to be a lot'?

Regards Jay

7
Oct 25, 2009 05:15AM
Share
New Message
Please login to post a reply