Agoracom: Small Cap Investment - Noront Resources - Re: Please correct me if I'm wrong

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)

Reply New Message

Back To Forum List View

Please correct me if I'm wrong

stock greed

Jun 03, 2010 04:38PM

Re: Please correct me if I'm wrong

curt22go

Jun 03, 2010 04:53PM

Re: Please correct me if I'm wrong a little help?

packsackman

Jun 03, 2010 05:15PM

Re: Please correct me if I'm wrong a little help?

seahawks

Jun 03, 2010 05:19PM

curt22go

Rank: Treasurer [?]

Points: 5796 [?]

Votes: 144 Score: 2.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Please correct me if I'm wrong

in response to

Re: Please correct me if I'm wrong

curt22go

posted on Jun 03, 2010 05:22PM

As someone so nicely pointed out me me my theory has a bug in it. The Tonnage of rock would not increase as that is reliant on the specific gravity of the material. which does not chnage that much with massives. BUT the value of each tonne of rock goes up by increasing the number of pounds in the tonne of Rock. So I was wrong in saying the tonnes of rock would increase it is the Ni pounds/tonne that would increase...

1000m3 of rock = aprox 3000(SG of 3) tonnes of rock

3000 * 2000(pounds) * 1.8% Ni = 10,800 pounds of Ni * $9.00 = $97,200

3000 * 2000(pounds) * 4% Ni = 24000 pounds of Ni * $9.00 = $216,000

Hopefully this is better.. TTY

3 Recommendations