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: Re: Take-Over NOT ? - goFWR
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May 28, 2010 11:48AM
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May 28, 2010 04:41PM

At the risk (not really a risk, more of a gurantee) of being bashed:

FWR had estimated that they found 100MT of chromite:

-> at $250/T; 100MT (insitu) is worth $25B

Based on Curt22Go's analysis the insitu in Eagle one is worth about $7B and climbing...

Hello goFWR,

you´re right, but the magic word is "estimated".

Nobody really knows for sure.

Noront hasn´t "estimated" it´s in-situ tonnage, it´s confirmed with an NI 43-101 report.

(I could estimate EagleOne at 5x $ 7B, because I believe that the deep drills will find the "motherlode" !).

And for your $ 7B EagleOne in-situ you came up with for comparison reasons, I would like to add:

1) a confirmed NI 43-101 Blackbird ressource,

2) an "estimated" high tonnage gold ressource (Triple J zone)

3) an "estimated" second Nickel/PGE ressource Eagle2

3) an "estimated" third Nickel/PGE ressource AT12

4) an "estimated" Vanadium ressource

So, if you do a comparison to an "estimated" 25B Chromite ressource, you should not compare it to a "confirmed" EagleOne ressource only.

Because that´s not, what Noront is all about .... in contrast to FWR´s Chromite (only).

FANTOMAS

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