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: Why the share price didn't jump
3
Sep 10, 2010 10:15AM

True, the meat of the news release was old meat stated to reafirm that we are still on the same track that we have been. It could have been done to facilitate debates at our Dinnerand probably to aid Wes's discussion on Monday.
I still suspect that there is a good possibility of another hat being dropped after market close on Monday and before Wes speaks. The economic arguments presented as foremost in the release tell me that it was released for purposes of discussion and persuasion.

But there are a few little bits in the latest release that are new to me and perhaps many here.
Most important to me is the affirmation that 0.5% nickel is economical. I do not believe that 0.3% is so unless the other metals ( almost guaranteed to be present ) are also included.

The fact of Noront being viable with only road access ( sans rail ) is encouraging and provides assurance of low cost initial infrastructure but higher cost of transportation per ton.

I also like them describing how they will be environmentally safer with mining opertation.
Tailings mostly going back underground.
Major Facilities underground?! ( I did not expect this.)
Eventual winter road upgraded to all season.
"Although the Project could carry 100% of these costs" To me this means that they expect to share road and power line costs with the neighbours.

Not much new but still a bit of clarity and reassurance helps.

3
Sep 10, 2010 02:00PM
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