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)

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Message: Notable May-June items
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Folks, I meant to write BY July of this year.

if Noront wants to buy back 50% of the Eagles Nest NSR for a price tag of 3.1 million dollars ,..they need to do it before the end of July of this year

"Net Smelter Return (NSR) Royalty: A defined percentage of the gross revenue from a resource extraction operation, less a proportionate share of incidental transportation, insurance, refining and smelting costs."

If Noront pays this 3.1 million dollars to buy back 1/2 percent of the NSR, then the gross revenue from the resource extraction of the eagles nest   is seen to be at least  620 million.

 

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