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Noront Resources Ltd. V.NOT


Primary Symbol: NOSOF

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.


OTCPK:NOSOF - Post by User

Bullboard Posts
Comment by tommygavinon Dec 20, 2006 9:03pm
389 Views
Post# 11902443

RE: None wants to say it

RE: None wants to say itThere was only one glory hole,but there are other historic drilling data indicating intercepts of half ounce per ton over multiply holes.So I believe the odds are not really against NOT. The 15 million PP was filled in two days,the pros,the smart money are betting for NOT.Also the price of gold factors in,the higher the price,the lower the deposit size and quality to make a mine.

I believe its only a matter of time on wether we have a big mine or just a small one.

Sometimes if the ore is rich enough ,you can afford to ship it to another mill,instead of building a mill yourself,so it may not to be as big as some would expect to be economical.

Also the company is planning on building a ramp down to the high grade section. TO do further underground drilling to define the deposit.I am sure what ever happens,they will take all the high grade ore out (they do have a ramp)very easy,and this will bring in some revenue.At 50 ounces per ton =50 x600=30,000 a ton...very optimistic,but possible.You can put 10 tons in a dump truck so a gross value of 300,000 per truck load,of course there going to pull that high grade out.The real question is how much gold is really down there,they don,t need much to pay for the ramp etc.Please also remember most mines are 2 to 10 GRAMS per ton,so if there is what could be there,this deposit would be very special!

Bullboard Posts