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: 240 million for Freewest
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240 million for Freewest
9
Gerwin
Sep 03, 2010 08:08AM

FWR had outlined a chromite resource that far surpasses (in $ value) of what NOT has found to date - Im talking multiples of what NOT currently has - at least 20B insitu. Cliff's estimates were for production between 400,000-800,000 tonnes (feCh) for 30-50 years.

It is crazy that FWR went for 240M. Both FWR and NOT should be much more than they are now.

Anyway, the stuff NOT has found is better that chromite since the market for it is bigger, but the resource isn't at surface like the chromite on FWR property. NOT had better stick that deep drill down and pull out some platinum really soon.

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Re: 240 million for Freewest- What We Have ALREADY......
12
obg
Sep 03, 2010 09:34AM
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