corrected: NOT NEWS... Rosedale
in response to
by
posted on
Jun 03, 2008 07:22AM
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)
The mention of PRB postponing its drill program on its properties adjoining NOT's E1, to focus on its other properties in the area, is strongly indicative of an imminent arrangement that will see NOT become operator and partner with PRB on these properties.
The tone of the NR is positive and suggestive of mutaully beneficial agreement. Both parties will be keenly aware that those properties are worth more as part of larger package, than they are in isolation.
Regards,
B.