Agoracom: Small Cap Investment - Noront Resources

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)

Reply New Message

Back To Forum List View

The nickel alone

Hobbit

Sep 11, 2021 11:38AM

Re: The nickel alone

NevilleD

Sep 11, 2021 12:20PM

Re: The nickel alone

Hobbit

Sep 12, 2021 05:54PM

Re: The nickel alone

Navi

Sep 12, 2021 06:36PM

Re: The nickel alone

cupcake

Sep 12, 2021 07:05PM

Hobbit

Rank: Vice President [?]

Points: 889 [?]

Votes: 24 Score: 3.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: The nickel alone

in response to

Re: The nickel alone

Hobbit

posted on Sep 24, 2021 10:47AM

I noticed some errors in my previous comparison with the Voisey’s Bay buyout, so here are the corrections…

Eagles Nest has proven and probable 11.131M tonnes at 1.1% 1.68% Ni or 121441 187000 tonnes of Ni (plus another 8.966M tonnes at 1.1% inferred).

On Sept 1, 2021, Ni was $20426.5/tonne. So, leaving out the Inferred Ni, the known value of the nickel is $2.5B$3.82B, or $7.64/share - that’s just the nickel in Eagles Nest.

Add in the Cu, Pd, Pt and Au and Eagles Nest alone is easily worth double that. And then there's Blue Jay (more nickel, etc), Blackbird, Black Thor, etc and all the chromite...

I know I’m preaching to the converted here, but that's all real US dollars, multiply by 1.27 and that nickel alone is worth ~$10CAD/share.

So why are BHP, Wyloo and the BOD talking about pennies? Can’t they do simple math, or do they just think we're stupid?