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: Noront's $ burn rate
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Re: Noront's $ burn rate (A-1)

posted on Oct 24, 2009 03:51PM

Thanks Beta Curry for clarifying why people ask questions on this forum.

I would think that with 3 mid size drills turning Not would be spending ~ 1.5 million a month, add the 2 deeper rigs which drill to 1.5 km or so with up to 8 wedges in each hole (expensive stuff!!) lets say another 1.5mil, plus helicopter, fuel, camp, support aircraft. Id put a figure of around 3-4 million a month minimum. How long does that give them with there present cash?

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