Re: Promotion - Rosedale
in response to
by
posted on
Sep 19, 2008 10:08AM
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)
Rosedale,
Your assumption is that his intent is to promote a sale.
Perhaps his intent is the opposite - that he is not at all interested in a sale at this time.
Based on Snezzer's report it looks like NORONT wants to do the finding themselves. A little more time, another nickel strike, another few Chromite hits, and the share price will be where they want it to be and THEN they will be ready to sit down and talk about additional financing and partnerships.
IMO
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Excerpts from Snezzer's report:
So, Noront is interested in figuring out what the extent of their mineralization is on their properties by doing their own estimates through step-out drilling...
Ideal scenario according to Feeney: put drill holes in 5 or 6 Chromite bodies so a major comes along and looks are the rough date and assays and finally believes and says “OK... even without the 43-101 we get it – you’ve got a lot of chromite. so let’s partner up.” Then we could borrow 100-200million to prove up resource while continually look for NI-Cu-PGE resources on the way....