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: Northern MIner: Ontario to work with First Nations to unlock Ring of Fire

Can anyone tell me why Noront never established cobalt estimates in the past?  It just seems strange that this wasn't considered important when core samples were looking at, and sent for analysis.  Especially, with the fact that cobalt is so commonly found in nickely sulphide and cooper rich resources, and was fetching in the range of 15-20 dollars per pound between 2008 - 2017. Not to forget it has also managed to reach a high of 50+ dollars per pound back in 2007-08, and 40+ dollars per pound in 2017-18.  Was it omitted because it was considered unimportant, or was it simply that a resource such as Eagle's Nest would not typically have much to bother estimating in the first place? 

Cobalt is expected to make a resurrgence in price over the next year, or two.  So, is this why Coutts is so interested in establishing this now, when his predecessors were NOT?  

Quote from the article posted by Ringer:

https://www.northernminer.com/news/ontario-to-work-with-first-nations-to-unlock-ring-of-fire/1003809733/

"Over the next 12 months, Noront will update a 2012 feasibility study on Eagle’s Nest. It also plans to do metallurgical work and conduct studies around a separate nickel and copper concentrate instead of a bulk concentrate envisioned in the 2012 feasibility study. “We would also like to establish a cobalt resource for the deposit. We have cobalt, but we don’t currently have resources established.”

 

 

Oh....If we are so interested in cobalt, how about we take a look at establishing how much rhodium we have as well.  It is moving up by leaps and bounds.

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