HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: Diagrams of ore body

When someone (Major?) makes a move on NOT or tenders an offer for part of NOT's properties they will likely price it at what ever they think they can get it for. Being aware that there could then be counter offers by an other, there is potential for a bidding war of sorts (intensity will depend von the quality of assets being bid on), hence Auction Theory guiding such an event.

The non-disclosure signees have conditions to which they agree as part of the confidentiality agreement that stipulates what they get to see, when, and how they are permitted to utalize what they get to see when. In any event they will know more (and in much more detail) than we will, and sooner (relatively much sooner). Given the conditions included in the non-disclousure type agreement it should not be a strong concern that they will use the information to play in the market. But they will use it to maintain a model (mineralization and valuation), upon which they will be able to act quickly or react to quickly with respect to bids or offers to or on Noront (NOT).

What, at this time, I would like to know is; What are the conditions in these agreements and exactly who signed them (and on behalf of whom and who else)?

As an aside to this that could have much more immediate interest/concern for us small time investors; What can be done to guard against undesirable Scouts and Bounty Hunters getting there hands on privileged data/information, and what recourse would we have in such an event?

Old Joe

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