RE:DragonYes IR I agree to a point;however Noront are actively evaluating their Cliff's acquisitions...watch for news about this soon. My post was to once more refute the utter nonsense that Lou spews about Noront. Anyone on this board who do not see this yet....all I can say is unbelievable! Look at Lous comment about BLACK THOR and see below...'nuff said. There are other places as well where the researcher has failed to really understand Noront's plans with respect to chromite.
Black Thor & Black Label Deposits
The Black Thor chromite deposit was discovered by Freewest Resources in the fall of 2008 while testing a 3 km gravity anomaly. Further drilling in 2009 revealed another parallel chromite horizon 150 km to the northwest now known as Black Label.
Project Details
A detailed feasibility level analysis was completed on the Black Thor project by Cliffs Natural Resources in May 2013. The study contemplated an open pit mine with an 8:1 stripping ratio producing a diluted grade of 30.7% Cr2O3 ore over a 30-year mine life. Ore was then to be transported by truck and rail to a yet-to-be-built ferrochrome processing facility. The estimated capital cost was $4.4 billion over a 6 year construction period.
Project Status
Noront is currently reviewing the Feasibility Study for this recently acquired site, along with the associated technical and social documentation. Our goal is to produce a strategic plan and a comprehensive preliminary economic analysis (PEA) for all the development options for the Ring of Fire chromite projects.