Re: NEWS - I like this part - Get Real, AL!
in response to
by
posted on
Nov 01, 2007 10:04AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Come on AL. Where do you read that theya re gi9ving away 50% of the farm.
The release says:
"The area will include 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) in the "Ring of Fire", McFauld's Lake, Ontario, near Noront's nickle copper discovery. "
Last time I checked, our property staked was a heck of a lot larger than that. Also "near" doesn't mean "at" or "including".
This is an intelligent way of spreading the risk and bringing more parties and their resources to the table.
How's that for "a positive spin"?
crazydik