Noront Resources Ltd. V.NOT

Minerals per ton

[JGavin]

At 4% Ni that is 88 lbs./ton of Ni. at $11 per lb. At 2% Cu that is 44 lbs./ton. Cu is $4 per lb. The pt and pd are roughly .25 oz/ton.  Obviously mettalurgy is important in the final product. The Ni is worth $1000/ton. The Cu is worth $88/ton . The pd and pt is worth about $400/ ton. Remember 3 yrs. ago when Ni was  $44/ton. At that price it  would make the Ni. worth $3,500/ton. It appears management is doing the right thing. They are doing what geologists do best, A slow but gradual delineation of a massive mineral deposit. After all the bashing here, I say hats off to management that continues to define this deposit!!! That $7 stock price does not look so far off now. If commodity prices return to record level this could be a grand slam!