Re: a remote suggestion : Time to merge SPQ & Noront

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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storm5151

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Re: a remote suggestion : Time to merge SPQ & Noront

in response to

a remote suggestion : Time to merge SPQ & Noront

bernardho

posted on Aug 28, 2008 02:59PM

I think its a possibility down the road but not in the near future

We need to get Noront noticed first and once the ball is rolling we can see this happening, in fact I feel its inevitable.

The shares will be dependant on the market value at that time, i can't see NOT giving 3 times the current value for shares that they can buy for 7 cents.

I have a good chunk of spq as i do KWG and FWR and feel they will do reasonably well on thier own in the short term but a buy out is inevitable as it is with a number of the other JV's. They did say they would have 80% of the ROF and I believe they mean it.