Re: Jean-Francois Tardiff of Sprott Asset Management on BNN

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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Re: Jean-Francois Tardiff of Sprott Asset Management on BNN

in response to

Re: Jean-Francois Tardiff of Sprott Asset Management on BNN

crusader_biff1

posted on Jan 04, 2008 08:39AM

Oh I have no intentions of selling any time soon, that is for sure. Yes, as I had alluded to, the reason Sprott is not sounding enthusiastic is because they are accumulating more and want them cheap, imho. The risk in Mongolia is not whether or not the company has the goods in the ground but rather the unreliability of the government. The government issues the permits and then later deems them to be illegal at their whim whilst all the while claiming to be mining friendly. NOT is busy proving up the deposit as fast as possible and coming up with great results. That is why there are so many players entering the ring.