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 - A Class Act
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Dec 04, 2011 06:19AM
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Dec 04, 2011 08:28AM
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Dec 04, 2011 09:33AM

Class act indeed.
I also listened to the Noront presentation.
One plus after another.
Wes said that nickel is 70% of the value in Eagle's Nest, copper 12%, the rest being PMs. Well I presume that platinum is 10% and palladium 8%. Either way even without the nickel, the other metals are worthy on their own. That is why I concur with a class act.

The company is well planned towards a cost effective and very profitable mine.

The thing about chromite - he said Cliffs is not the only one in the Ring. I think that was a rub.

The thing that got my attention is when he said, 'we only explored the area around Eagle's Nest' and with the Noront land hold I see nothing but a starry future. The company can not explore thoroughly it's vast land hold because of the cost involved BUT once some heavy cash comes in from a working and very profitable mine - watch out.
Wes expects to find a lot more chromite and nickel type deposits and he did say/repeat that AT12 is his favourite.
I loved that comment.

I do not know if it was mentioned on this forum yet but the reference to additional info about Noront and native communities is at:
www.mikawaa.com

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Dec 04, 2011 10:33AM
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