Re: RR or road

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Edgy

Rank: President [?]

Points: 38290 [?]

Votes: 354 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: RR or road

posted on Jul 25, 2014 08:17PM

Cashin:
"But Not's nickel todate is barely viable to extract if they have to build the infrastructure on their own."
Seems to me you have not read or remember my posts ( Glorieux's also?) from the last few years regarding value of Eagle's Nest alone.

It was conservatively 12 Billion $s. After operational costs and taxes about 8 billion should go into the company as clear profit.

( For every dollar spent 6 comes back, 1 for operations and about 5 of those remain for taxes and profit.)

The road was estimated a while back to cost us 650 million, about same as the mine. Should only we build the road ( very unlikely imho) we should collect tarrifs on it so some of that cost should come back over the years. ( I think there was an estimate by the company that the share of road costs to Noront are expected to be about 150 million?)