OTCPK:NOSOF - Post by User
Post by
sharewizardon Dec 26, 2006 11:11pm
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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