something I am wondering about

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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something I am wondering about

posted on Mar 14, 2018 08:57PM

today I noticed something I did not notice before.

Look at this Noront corporate presentation 2014 and go to slide 9 of 25 for the nickel cash costs

http://norontresources.com/wp-content/uploads/2014/10/pdf/Investors%20Section-%20Presentations/Corporate%20Presentation%202013.pdf

Notice that Noront's cash cost is MINUS 70 cents

And notice that the source is Raymond James Limited.

====================================================

Now look at the 3rd quarter 2017 presentation

now go to slide 11 of 32 and look at the nickel cost profile

http://norontresources.com/wp-content/uploads/2018/01/FINAL-Q3-2017-Corporate-Presentation.pdf

Do you notice the cost is now $1.54/lb net of byproduct credits assuming a 70% payability (2012 feasibility study)

Do you notice that the source is Toronto Dominion Bank (TD)???

======================================================

so from minus 70 cents to 1.54 and both use the 2012 feasibility...

Noront is still in the lowest cost first quartile when the source is TD, but I find it "strange" that TD Bank's nickel cost profile is so...um....err...hugely different from the one done by Raymond James.