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: Consolidation

Consolidation

posted on Jun 06, 2008 03:38AM

There have been waves of interest in consolidation of properties at ROF on this board. I thought it was RN who first said NOT would control 80% of the property there. The first of the consolidation is the organization of JV's so that exploration can be expedited. In the very early stages, we now know we have significant Nickel, Copper, Chrome, PGE's, Zinc, lead and iron in some compounds. There is a different concentration of these elements as you move around the McFaulds Lake area and the known hits are as far apart as 50 kms I think.

There may be a further consolidation of properties based on a geographic/geological consistency. For instance, NOT may eventually talk to Teck about their zinc/copper property in one area because that is Tecks primary interest. Rio Tinto is a possible bidder for this as well. They were considering a takeover of BHP Billiton so they have cash and are to be watched.

Vale, Xstrata, and BHP Billiton would certainly be interested in the E1 area for the Nickel/Copper. Xstrata are into all including Ni/Cu/Pb/Zn/Cr2O3,etc. In my estimation, Valle Inco would be the fierest contender with smelters nearby and their interest in PGEs and Nickel.

Who knows what other areas of concentration will be found. Richard is doing a good job of consolidation. Maybe it will make sense to break it into areas of interest given the huge area and the value of the different areas. There is so much to come.

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