No matter the name it is NOT big, this is the the reason I left NOT for Freewewst's Sweet Spot! I have real sympathy for those NOT investors who are in at the preminum prices that NOT attracted last year, BIG losses for many retail I assume... I dodged that bullet and came away with just a few scuffs, but with most of my money intact.
What does it imply for FWR and JV chromite? Remember I said that the measure of a strataform deposit is lateral continuity? The fact that the Eagle discovery goes beyond a 1000 m deep (it used to be in the horizontal) demonstrates lateral continuity to the MAX!
We have THE LARGEST CHROMITE DEPOSIT EVER FOUND IN A LMI, and the drilling has just tested it to 300-400 m. FOLKS have NO DOUBT that Big Daddy, Black Thor, Black Label go at least this deep IMO, with the REAL PROSPECT that it extends for multiple kilometers below the surface. Who cares if half of it has been eroded... 50% of a MEGA MONSTER DEPOSIT still makes it one the LARGEST on the planet.. IMO THE LARGEST!!
Just think of Black Thor going to 1000 meters, Noront's Eagle's Nest gives drill data that support's the hypothesis that Freewest's Chromite deposits reach to profound depths and are unlike anything found on the planet so far... THAT'S that PLANET EARTH... not to be diminished by any argument and certainly is THE REASON to not let the HOSTILE bidder snatch it away. NOT is envious, NOT has blue sky, but NOT a deposit with the tenor and promise of FREEWEST"s Sweet Spot.
HANG ON TO YOUR TREASURE!!
Not investment advice, DYODD and go look at the animation of NOT's Eagles' Nest that was published yesterday. Try to visualize this model expanded in surface length(strike) ( from 200 meters to 1000s of meters, thickness from 60 meters to 100s of meters and a depth that is sure to match the Eagle's nest... meter by meter IMO) Make your own mental image, the NOT graphic is a great place to start). NOT is NOT without promise, they have a huge land position and have outlined a gold zone. IMO Eagle's Nest is NOT big and NOT something that will generate much excitement.
