Excellent Post Sidethree!!
"At last report, the main ovoid deposit at Voisey’s Bay contained preliminary minable reserves of 31.7 million tonnes grading 2.83% nickel, 1.68% copper and 0.12% cobalt at a total stripping ratio of 0.36-to-1. The project also hosts a large tonnage of lower-grade reserves, and ongoing drilling is adding to the potential of the Eastern Deeps zone.
Eastern Deeps is estimated to have potential for additional tonnage (45 million tonnes, according to some estimates). The latest results from this zone range up to 3.36% nickel, 1.41% copper and 0.17% cobalt over 39.9 metres.
The Voisey’s Bay project owes much to the two prospectors who found the original showing (as well as the main ovoid deposit), and who went on to manage ongoing exploration work at the property. From day one, Chislett and Verbiski viewed Voisey’s Bay as “a home-grown project,” and made every effort to hire talented geologists and campsite workers from Labrador and Newfoundland. “This project is the best thing that ever happened to Labrador and Newfoundland,” they told The Northern Miner earlier this year."
I truly do not understand our current share price. As an example, when you read the above that SideThree provided you will note that this 31.7 million tonnes is comprised of nickel, copper and cobalt. NO PRECIOUS METALS, NO CHROMIUM, NO TITANIUM, SILVER,GOLD (my hand is getting tried typing the minerals). The metal prices are higher now than they were in 1995.
In March of 1995 Teck Corporation aquired 10% of Diamond Fields Resources for 108 million. That tells us the market cap at the time was 1,080,000,000
Our current market cap is 2.29 x 173,461,957=397,227,881.
Does the comparative market cap of Diamond Fields and Noront Resources make sense?
FWR is currently valued at 55 cents. All we have seen is chromium. Allow a price factor for the Noront Chromite, don't forget Probe has found some excellent grade of chromite and Noront and Probe have a 50/50 JV. Remove an estimated amount from the 2.29 to take out Noront's chromite. Remove the amounts for precious metals too. What is left of the 2.29? Then consider again that the metal prices are higher now than they were in 1995.
