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: Status of NOT vs KWG re N/S route

I doubt there is any significant difference between KWG's and Noront's chromite deposits in terms of chemistry. What differences are minor it terms of concentration of chromite per ton of ore.

KWG already did a test using their gas method and it turned out to be very good and probably applies so to all chromite ores from the Ring. I base that on the assumption that all the chromite deposits of the Ring were created by the same process.

The ten times worth must be exaggerated and or very hopefull. I guess at best it is twice and practically it is a matter of saving energy costs due to processing and not quantity of recoverable metal. Hence when the bottom line of costs comes in the savings may be of the order of a quarter if not less.

The good thing about the gas method is that it is a cheaper alternative to expensive electricity in Ontario. In different juristictions of the world there may not be any savings at all.

Just my unqualified opinion. Perhaps some one else may improve on mine. Hoov you still alive and kicking? Ed.

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