RE:RE:RE:RE:Some perspective on Dumont salelimecoke wrote: Well......the potential additional 9 years of mine life is based on the inferred resources, which really can't be used in valuation. Even if you include the inferred resources of Eagle's nest, Dumont's measured+indicated resources has about 15 times the size of nickel content that Noront has. They simply aren't the same tier of deposits. Eagle's nest is in essence a nickel deposit. There is a bit of gold and copper, palladium, etc. but not really that significant.
Eagle's nest is the only meaningful deposit that Noront has. Everything else is too early in the exploration stage to be developed. If anything, BHP's offer for Noront is validating the asking price of Dumont.
I was checking out the platinum reserves that Noront has and based on the complete proven, probable and inferred they have about 20 million tons or approx 1.0 g/t which equates to about 645,000 ounces of platinum at 1000.00$/ounce is gross sales of 645 million$US , which is not insignificant...This is just the platinum, what about the copper, or their large chromite deposit, gold,,silver, zinc , cobalt? etc.etc. So, I think of the 325 million $ cdn that BHP paid, it certainly was not primarily for Noront's nickel, but at 1.68% nickel per ton, it is highly profitable, so for sure it was an important reason to buy it... Again, like I said, comparing Noront to Dumont might be comparing apples to oranges...We'll just have to wait to see what Waterton will get for Dumont...