Agoracom: Small Cap Investment - Noront Resources

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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Newager23

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Vale

in response to

Re: BNN Coverage

retiredrookie

posted on Mar 17, 2008 06:25PM

Vale is huge and the most aggressive mining company in the world. If they don't get Xtrata for $90 billion, they will probably buy the ROF.

This is great news that they are staking. It means they are interested in the area. No one can bid with them. If they want in the door, they will get in.

Vale is cornering the nickel market, the same way they have cornered the iron ore market. They want to be the big kuhana in nickel like they are in iron ore. They are the largest iron ore miner by a wide margin.

This is great news. I just hope the Xtrata deals fall through. We need those billions.