NOSOF, or NOT.V, has consolidated most of the claims in northern Ontario's Ring of Fire deposit. The Ring of Fire is a multi metals deposit (high-grade nickel, copper and platinum group element, chromite, gold) that has an estimated $60 billion worth of resources, they say it will rival the Alberta oil sands boom. The area also has chromite, for ferrochrome, a precursor to stainless steel which currently has to be imported from Kazakhstan or South Africa. In my opinion this would be a huge market.
The hold up on this project is building roads through the muskeg (boggy, wet terrain), currently they mainly rely on ice roads in the winter. The project will take years to develop, but it might be worth the wait getting in now at 0.33 CAD/share.
What are your thoughts?
Submitted September 05, 2018 at 08:47AM by throwitdown92011 https://ift.tt/2Ci3fzc
