Re: I own shares of Not---but no but

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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Gerwin

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Re: I own shares of Not---but no but

in response to

Re: I own shares of Not---but no but

goFWR

posted on Dec 02, 2010 03:48PM

why get people loans with nothing to back them up? strange things happen.

but things are not that strange if you understand how it works and have something to back up the loan. what noront has in the ground is a multiple of the cash needed to get it out. the PA explains this in detail. without this PA i can imagine that a financial institution has doubts.. but the pa only shows 10% of what we have and is already enough to finance it.

i suggest you do some reading;

http://www.miningman.com/mining-man/2010/03/mining-financial-basics-3-net-present-value.html

when you are still not convinced after doing this "homework" i wonder why you are invested in this deposit. maybe you can shed some light on that?

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