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Gold/Mining/Energy : Le coin des prospecteurs

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To: Claude Cormier who wrote (14246)9/27/2007 2:53:04 PM
From: Wayne Campbell  Read Replies (2) of 39076
 
Claude

A deposit 50m x 50m x50m, which is entirely possible based on the holes 1, 2, 5 and 7 gives about 400,000 tonnes at a 3.5 tonnage factor.

3% Ni, significant PGE's, Cu, Au, Ag credits give very high value ore.

If this deposit plunges for several hundred metres we have a multi billion dollar deposit.

The holes that missed the deposit completely were a result of trying to understand the deposit geometry. Now they have it.

When they step out 50 and 100m to the west and drill vertical holes....and these holes hit significant sulphides it will be time to buy, but the price may much higher than today.

As for Voisey..the VMS and Magmatic-Copper Ni association with this belt may be closer to Abitibi Greenstone Belt (Timmins)

WC

I hold no Noront shares as of yet, but do hold shares in several of the area players. Will look to buy NOT on weakness
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