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: Feasible

Re: Feasible

in response to by
posted on Apr 21, 2010 12:38PM

Feasibility price depends on amount of information they will need to process on the mine itself. But in their mandate they may also be including calculation of transport and processing costs at a more convenient location (Thunder Bay, Timmins or Sudbury ).

They will likely also visit the rail line issue.

It will cost millions $ but I doubt it will be full 15, at least I hope not.

Micon is a leader in this field and it is no mistake or happen chance that they are involved in other projects that may supply synergy to Noront's study. They were a good and natural choice.

I am perfectly relaxed about them doing the work at a reasonable cost. Cheers.

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