HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Re: First time seeing......
7
Oct 16, 2014 06:24PM
1
ANL
Oct 16, 2014 10:54PM

I have also not looked at it until now.

What cought my attention is page 9:

Noront Financing Requirements $CDN(000)
Pre-Production Capital
Mining $ 195
Processing 113
Site-Infrastructure 100
In-directs 158
Contingency 44
Initial Working Capital 30
Interest and Fees 40
Total $ 680

This is thousands of $s, did they not mean millions? I think so.

Also if so, then In-directs of 158 million, does that not mostly represent the road costs?.

8
Oct 17, 2014 07:51AM
5
Oct 17, 2014 09:44AM
11
Oct 17, 2014 10:09AM
7
Oct 17, 2014 10:28AM
6
Oct 17, 2014 12:45PM
5
Oct 17, 2014 12:46PM
2
Oct 17, 2014 02:09PM
3
Oct 17, 2014 03:27PM
Share
New Message
Please login to post a reply