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: Noront Resources eyes chrome assets sale...i read it all

The company expects to complete a feasabilty study for its copper nickel resources next year, which then will seek financing for the next stage with a view of starting production in 2016.

Wes says a number of financing options were being looked at these include a combination of debt and equity, and a possible joint venture"we might also vend a portion of our assets."

Shpould Noront decide to sell, it is likely the chrome...chrome(ferro) is like 1.30 not enough to mine it, they would need it to be like 1.80, which was the peak before the meltdown..in other words won't be back there any time soon.

WHAT DOES THIS ALL MEAN...MORE DILUTION AT END OF YEAR>??????

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Jun 08, 2010 01:02AM
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Jun 09, 2010 10:03AM
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