some rough numbers

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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Babjak1

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some rough numbers

posted on Jul 05, 2013 04:20PM

Just some rough numbers to look at.

Noront has a market cap of approx. 55 million

KWG has a market cap of approx 27 million

How about the cash?

Noront has approx. 21 million (RCF loan and sale of windfall added in)

KWG has approx 6 million.

So, if we take the cash out and relook at the approx value with no cash we have...

34 million for Noront

21 million for KWG

If you take a look at this link slide 12 of 25 you'll see that the total chromite for blackbird(NORONT) and Big DADDY looks very close to the same. About 42 million tonnes.

http://www.norontresources.com/?pressreleases&pdf=Corporate-Presentation-Q2-2013-newtheme.pdf

KWG has roughly 1/3 of Big Daddy. So if they are valued at 21 million our chromite would be approx. 63 million.

I guess our chromite is the wrong colour and I suppose the RATS are hoping we forget about the Eagles Nest deposit....as if it never existed.

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