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: Options, BOD & Wes?
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Jul 21, 2012 01:02PM
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Jul 21, 2012 03:07PM

"other facts are .We all knew that Noront would never take this company to production all by itself"
I do not know by what you mean by ALL, If you mean all on this forum then that statment is false BECAUSE I do not know that to be true. In fact I am inclined to argue the opposite.

The only facts that I know and relevant to me is that a mine with pipe and road transportation of the ore from Eagle would cost about a billion $s. That feasability study was not a pipe dream. Eagle in the ground is worth about 12 billion, give or take one.
Who would not spent one to collect 12? Ok so it is 12 in ground and the clear profit is probobly on the order of 6 so it is 1 to get 6 clear. Looks like pretty good numbers to go alone if I ever saw any.
The north-south route just makes things easier but is not necessary for Noront to go alone.

Oh, you question financing ability?.

Just go to any banker and show that you can get 6 by spending 1 and see how fast he takes notice even in today's time.

Ed.

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Jul 22, 2012 09:32PM
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Jul 24, 2012 07:43AM
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