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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Rocket Red who wrote (411)9/19/2005 8:10:19 PM
From: seventh_son  Read Replies (2) of 78411
 
3% nickel spells pure profit. Voisey's Bay is 2.86% nickel according to the article below, which elaborates on the interesting geological history of Voisey's:

sciborg.uwaterloo.ca

What I find really interesting is that I believe Voisey's Bay was once not very far from Fiskenaesset in Greenland where True North Gems' rubies are. I got a satellite map once, located Voisey's and Fiskenaesset, and moved the continents together with an image editor to how they look like they fit together before the tectonic plates split apart about 70-80 million years ago. The two looked pretty pretty close IMO.

The Fiskenaesset area and other areas of SW Greenland were explored for base metals after Voisey's Bay, likely by people thinking the same as me. Although there are elevated nickel levels and even higher chromium levels, (note that chromium gives rubies their colour), not enough nickel or chromite to mine profitably. The area may well have mineable platinum though, if anyone spends the money to drill it all -- platinum might exist at the bottom layers of the local anorthosite (a calcium-rich, silicon poor intrusive rock which permeates the area and is the host of most of the rubies).

The geology of Fiskaesset has to be rare and unusual to have rubies -- these are among the rarest minerals on earth and in high quality gem form are rarer and more valuable than all major gemstones other than red diamonds. Something about red spells money. Right, Rocket Red :-)? I will look into FRI some more...
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