Re: This is NOT what we want. UTS - unsolicited offer at 51% premium - Khareema
posted on
Jan 28, 2009 04:41PM
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)
You are right about the "pie in the sky" aspect, Milsy. I have been a 'numbers' kind of guy all my life and love to put them down on paper to solve my quandries. They always tell the truth in the sum of things. Every great discovery in time has been a result of solving a mathematical riddle.
The tipping point for this play is going to be about 50-60 mill tons of chrome total, between the players. After that everything is economical. I gather that everyone now is involved in bringing that number to fruition. If the combined efforts of SPQ. FWR and NOT, and FNC, if they can get off their behind, can produce a # anywhere near that by the end of winter drilling season, there will simply be no holding this down. Once it starts to move, there is a lot of money sidelined that would love to come in here.
Regrds
K