Re: NOT drilling

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Polylabel

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Re: NOT drilling

in response to

NOT drilling

latch

posted on Dec 14, 2007 08:00AM

It's a tough call for Noront since if they drill towards FNC's claim and hit then it's doing a hell of a favour for FNC.

FNC has been holding out and wants to see what they have before doing any deals which Noront would like to do. Noront will not drill if it supports FNC UNLESS the two companies do a deal.

If Noront will pony up enough money and percentage to make it worth FNC's while the two could strike a deal and have one of Noront's drill poke a hole within weeks. Sure would like to see that happen but not holding my breath.

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