Noront Resources Ltd. V.NOT

Primary Symbol: NOSOF

Metals & Mining Industrial Metals & Minerals

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.

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Noront Resources Ltd. > BHP ups bid for Noront - Oct 21

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Comment by RatPatrolon Oct 26, 2021 1:33pm

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Post# 34051118

RE:RE:RE:RE:RE:RE:BHP ups bid for Noront - Oct 21

I'm not so sure of those trillions dogbare4.

Nor should you be so sure.

You need to understand the risks and costs involved getting that ore out of the ground, concentrated and to market.

Look at what's going on at Turquoise Hill in Mongolia with Rio Tinto.

Costs are at least double if not triple original estimates.

Look what TMX pipeline is now costing relative to original budget.

And for another, Rio Tinto (coincidentally) paid a billion for Hathor, a uranium deposit about 10 years ago and has seen ZERO money back, up to now because markets changed.

Markets change.
Chromite may lose out to a cheaper alternative.
Etc, etc.

We c..

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