"Marlborodog,
The following can be found in the sedar 18 pages from yesterday in regards to the chromite..
It is recommended that further drilling be done to infill areas that currently are poorly sampled, and to
extend the limits down dip as the mineralisation is still open on this direction. The estimated cost of this program is $3.5 million.
Given the tonnage and grade of the resources for the Black Thor, Black Label, and Big Daddy deposits as reported, it is the author’s opinion that a preliminary economic assessment (PEA) should be completed prior to conducting any further diamond drilling. The approximate cost for a PEA is estimated to range between $1 and $2 million.
The deeper portions of the volume modelled and the extremities are poorly tested by drilling as a result of the sparse drilling in these areas. As such, the poorly sampled areas can only be classified as Inferred resources. Further infill and deeper drilling is required. "
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Marlboro, you mention, "Black Thor looks more appealing to Noront due to it's significantly larger size yet comparable grades to Big Daddy, and also due to it being 100% owned instead of only 70% for Big Daddy"
I'm also thinking that Franco Nevada would also favor putting Black Thor at the top of the chromite list since they have a 3% Net Smelter Royalty on it...and None on Big Daddy
"The Corporation granted to Franco-Nevada the following royalties: (i) with respect to the Black Thor deposit, a 3% gross smelter royalty over chromite production and a 3% net smelter royalty over other mineral production and (ii) with respect to the Corporation’s other existing property interests in the Ring of Fire (other than the Eagle’s Nest project, the Big Daddy deposit and the Corporation’s interest in the McFauld’s Lake VMS deposit), a 2% gross smelter royalty over chromite production and a 2% net smelter royalty over other mineral production. No royalty was granted to Franco-Nevada over the Eagle’s Nest project, the Big Daddy deposit or the Corporation’s interest in the McFauld’s Lake VMS deposit. "
