Noront Resources Ltd. V.NOT

Primary Symbol: NOSOF

Metals & Mining Industrial Metals & Minerals

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.

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Comment by FromSudburyon Jan 30, 2020 11:03am

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Post# 30619809

RE:RE:MORE B.S

With all due respect lou64, I believe this line was a misquote:

"Exploiting the biggest value in the ring of fire – chrome – will take a little longer, as the company has to build a smelter to process it, also in Sudbury."

The nickel would go to Sudbury smelter(s)....as of now, the Chrome to SSM

Not to say that could not change. When Cliffs was involved, the chrome smelter was to go to Capreal...which is just outside of Sudbury. Noront's Sudbury option had the smelter going to Coniston...which is very close to Sudbury. In the end, Noront has chosen the Sault...for the chrome.

The mayor of Timmins has suggested that Noront will not be the operator when the final decision is made. Given Noront's market cap, I'd have to agree.

For now....the base case for the chrome smelter is the Sault though, from which an economic assessment could be formulated.

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