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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Itching palms

posted on Sep 22, 2008 09:38AM

Wonder if it means anything?

It seems funny that Xstrata iseems to be up to more than kicking tires in the ROF. Sure at this stage a lot more work required to prove up Chromium deposits but....

Just maybe Xstrata are structuring a 'creative deal' like a big jv deal with the respective players (NOT, FWR, FNC & maybe BMK) based on their paying for full exploration program in return for percentage ownership of chromium deposits? Maybe nice big net smelter royalty for those kicking in? Hard to see them wanting to do a straight buy out, or companies agreeing to one, until more is known about deposits.

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Polylabel
Sep 22, 2008 10:02AM
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