Noront Resources Ltd. V.NOT

Thanks for that article!

[SheepBaaa]

what i found interesting in this article was..... "To be world class these days a deposit needs to have more than $10 billion worth of contained metals (GMV - "gross metal value") at an economic grade. The key word here is "economic", because there are a fair number of deposits with more than $10 billion in gross metal value using current metal prices that are in fact worthless because the capital cost to turn such deposits into a mine combined with the per tonne based operating cost are greater than the gross revenue the sale of the recovered metals would generate. In discounted cash flow model terms a deposit with a $10 billion GMV and rock value about double operating costs will tend to have a real value, or "net present value" of 10%-20% of the GMV, or $1-$2 billion."