Re: Take-Over NOT ? - goFWR
in response to
by
posted on
May 28, 2010 05:06PM
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)
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