Marlborodog,

none of it makes sense to me.

Please see below a link that is no longer on the Noront website under corporate presentations.

http://norontresources.com/wp-content/uploads/2015/01/Corporate-Presentation-Q4-2014.pdf  

A few months later Raymond James shows on page 9 cash costs of $1.53.

Page 11 will show you a side by side comparison between Noront and Sirius (nova project)...it shows Noront's cash cost for nickel is 3 pennies more than Sirius.

So, what's correct?? minus 30 cents or $1.53 during this narrow time frame?

If minus 30 was just a big mistake from the beginning then why is this corporate presentation still on the website and why was this one a few months later removed from the website.

what is not making sense to me is  a change to 1.53... a dramatic change from Raymond James. Some info on Sirius back then.

https://www.breakawayresearch.com/_literature_143778/Sirius_Resources_NL_-_August_Update_2013

Sirius has nickel copper cobalt...similar mix to Voisey Bay.

Noront on the other hand has Nickel copper and Precious metals.

If you look at a long term cobalt chart back in the 2012-2015 timeframe you'll see very little difference. Cobalt doubled in price since then.

But, how do you compare credits from copper-cobalt vs. copper and PGE's

I think back to NR's like this:

http://norontresources.com/noront-confirms-high-grade-platinum-palladium-grades-identifies-presence-of-rhodium/

I'm not understanding how the enormously valuable Noront credits compared to just copper- cobalt credits result in a nickel cash cost higher for Noront vs Nova .

When I think of what Noront has for credits ...the minus 30 cents back then seems much more accurate than the 1.53.