Agoracom: Small Cap Investment - Noront Resources - Re: Canadian Gold reserve – We don’t have one!

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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Hebe

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Re: Canadian Gold reserve – We don’t have one! - Further to that thought…

in response to

Canadian Gold reserve – We don’t have one!

Hebe

posted on Jun 18, 2014 06:20PM

& maybe a stretch but…

Would it be feasible for the Canadian Gov’t to finance the extremely depressed exploration companies in the ROF, creating jobs tomorrow, for % in these companies to allow a drilling boom in the ROF?

Sponsoring magnetic imaging & allowing the companies to drill a 43-101 report stage, & in turn allowing, the Canadian Gov’t to value the reserve using there % of gold silver & precious metals in the ground, to back the Canadian dollar before it is even mined?

If this was feasible it would move the play along at a very rapid pace, creating many, many jobs quickly & over many, many years throughout all the phases of the projects. Strengthening the Canadian dollar in the process, much soon then, if they waited to have the tax dollars to buy the gold outright.