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Noront Resources Ltd. 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
Post by sharewizardon Dec 26, 2006 11:11pm
537 Views
Post# 11922113

HI MILSY 1, IMPORTANT

HI MILSY 1, IMPORTANT TO BE HONEST I THINK THEY HAVE BEEN THINKING OF RAMPING OR PUTTING IN A DECLINE FOR SOME TIME NOW, WHAT IS A DECLINE OR RAMP, IT WILL BE ABOUT 6 TO 7M WIDE WITH ENOUGH HEIGHT TO MOVE SCOOP TRAMS AND TRUCKS IN AND OUT. IT IS A GIANT CORKSCREW WITH A DIAMETER OF ABOUT 200M. THEY ARE THINKING OF DOING 2 STRATEGICALLY THEY WILL BE PLACED TO COLLIDE WITH THE SUPER GRADE AND ALL THE OTHER HIGH GRADE INTERCEPTS. ONE MAY BE ENOUGH. THIS THE MINING ENGINEERS WILL DECIDE OF COURSE IT WILL BE INTENSELY SAMPLED, FLOOR ROOF AND SIDES,WHEN THEY HIT A HIGH GRADE OR ULTRA GRADE ZONE THEY WILL THEN DIAMOND DRILL IT WITH SPECIAL EQUIPMENT OR BLAST AND CHASE IT. THE DECLINE IS A SERIOUS MOVE BY NORONT AND THIS IS WHY THEY WERE GIVEN THE 1ST 15 MILLION. THE BEAUTY OF THIS DEAL IS THAT THEY WILL TAKE IT, THE ENGINEERS KNOW EXACTLY HOW TO DO THIS, DOWN TO THE 4.8 M OR 15.2 FT OF ULTRA GRADE. THE BET HERE IS THEY WILL HIT OTHER HIGH GRADE ZONES AND ULTRA GRADE ZONES BEFORE THEY GET TO THE ONE THEY ALL KNOW ABOUT. THE MAGIC OF NORONT IS THE LOW TONNAGE SCENARIO, I MEAN TO BUILD 3 MILLION , 4 MILLION OUNCES OF FROM 3,4 OUNCES TO 53 OZ MATERIAL WILL REQUIRE NO ROCK AT ALL. IM SORRY IF PEOPLE CANNOT DO THE MATH BUT IT IS QUITE OBVIOUS IBK, PINETREE AND NOW SPROTT HAVE IT ALL FIGURED OUT, WE REALLY EXPECT THE SELLING TO SLOW DOWN AND HENCE EFFECT THE SH PRICE RATHER DRASTICALLY, IM IN FOR THE NEXT WHILE IE UNTIL THEY HIT THE ULTRA GRADE
Bullboard Posts