Solidus, Mush Zone, Liquidus
in response to
by
posted on
Jul 18, 2010 02:23AM
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.
"By the way, the mysterious shadowy EM graphic depiction of what we hope are massive sulphides connecting Eagle with FNC was referred to as "THE GHOST BRIDGE' and not the "ghost ridge." thanks for the PM for correcting me. I think in my mind I always called it ghost ridge, but let's hope it is a bridge.
I wrote, "Noront drilling deep next to our border, when they reveal what they've got Fnc will triple at a minimum, drills at C-5 got high density chromite." Let's go down this list:
SOLIDUS: C-5 is solid. I'm not sure what percentage yet as that's insider info, but we got what we "expected." What we expected was dense chromite based on high gravity with very low to no conductivity. That implies denser or better chromite then FWR had as Mac found chromite interspersed with conductive ore. At the very least we've found the equivilent economic quality. However, we don't know the extent or the amount. We'll see if Cliffs bites on it, now that we've confirmed chromite does continue through FNC land -not like any one doubted it. Certainly potential investors have witnessed Cliffs offer a 60% increase before voters further increased the offer. To me, it is too logical for Cliffs to at least offer a minimum hostile takeover for FNC as they've planned 1.5 bil for infrastructure and FNC properties are undervalued and a current SP steal.
MUSH ZONE: Noront drilling on our border is solid and confirmed. What they've found is unknown. I have read "push-pull" e-mails that they've found quality ore, but one can't trust rumors. Ha, Ha! (refer to side-note for joke). However, they didn't drill just one hole and give up. They previously drilled step outs, said there was nothing and refocused on E-nest. However, I always insisted on NOT board that Wes was being coy about reporting on them and really didn't explore it thoroughly despite Harvey's insistence that there is something worth exploring in that area. Some speculated that it would be too beneficial to Fancamp for Noront to find step-out success. That would only make sense if NOT planned on buying FNC or was competing with a Major's buyout offer for nickel. But I suspect Noront's low SP motivated Wes to find another pocket of nickel. JJ indicated in a note that they found mineralization where previously they thought there was none. And now they are back near the step outs drilling deep next to our border. They've taken their time reporting results as deep drills are difficult to control. And they drilled more then one hole. Plus Smith said he's eagerly awaiting the results and has reserved backup money to go deeper once Wes releases or shares data. Plus mike has drills going deeper in all our current holes due to crone data. All that indicates excitement in the upcoming weeks, regardless of any NOT rumors.
LIQUIDUS: So the big questions, Have we found anything so far or is Smith wasting our money? What about the shallow digs? I've go nothing but hints as anything solid I might have would be completely illegal insider info. A good hint is that Peter said he did not want to waste Fancamp money if our drills were unfruitfull as there are plenty of other projects other then Mcfaulds to apply cash towards. For example Beauce's drilling has begun. However, Fancamp has continued drilling and is expanding the drill plan, Peter is excitied (not just "encouraged") about drilling, and we are drilling deeper with reserves to go even deeper once Noront's deep drills are freed up next to our border. I'd say that's decent inference that this could be an endless summer.
-sg
Side Note- I've tried to make the term "Push Poll" work but the official term doesn't really match this idea: one drops hints but then backtracks, thus abdicating one-self of the hinting, but the idea of the hint still remains. I'd prefer to apply this term instead as it makes more sense, "Push-Pull" You push an idea out there then pull it back. Has anyone else heard this term used this way? Is this already an official term? link me.