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: Vale

Vale had a webcast and a press conference today.

I have pasted the link for the press conference below.

Some of the words spoken consisted of:

"The company is working at full capacity around the world.

The company is in the best moments of its history.

Next year will see several greenfield projects.

Before 2015 "we want to deliver all the projects we want to invest in."

I find the mention of that date of 2015 interesting after remembering Paul Semple's words at the end of September in Timmins at the chamber of commerce.
"Noront's goal is to goal is to get the nickel-copper mining operation up and running first.

"We're currently four months into a 12-month feasibility project," said Semple.

Asked by one of the members in the audience what timeframe he is looking at for startup of operations, Semple said they're looking at at copper-nickel production beginning in 2016. That would include a two-year permitting process.

If Noront partnered up with someone like Vale, I would think shortening the time from from Beg of 2016 to before 2015 would be possible.

http://www.videonewswire.com/VWP/SkinPlayer/Player.asp?e=73013&w=320&h=310&s=True&ch=False&sm=True&c=False&c1=False&mc=&qo=False&p=False&i=False&pp=False&cp=False&v=True&mc=False&a=True&sid=132289&aid=133663&pl=&pr=&st=ps&num=9999&y=23584&stid=1&hs=&u=4312347&pid=1&pt=2&pc=False&cuts=6&t=Media+Session

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Oct 18, 2010 09:55PM
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