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: My husband

Re: My husband

posted on Mar 19, 2009 05:11AM

The most important point I got out of the article was Rosseau's dislike for the joint ventures that Nemis was making. The bottom line is that these J.V.s made it complicated in selling the ROF land to a major. Now they are potentially waiting it out and see how many jv's default and then they re-acquire the land. I don't remember who it was, but another of our posters presented this over the last couple of weeks. There was also the mention made that to keep NOT's sp down was to keep the others down as well, sealing the other companies financial fate over tough times. So NOT keeps drilling ..... and waiting.....with no news, until they've got what they want.... and then suddenly all the backlog of cores start to get some attention.

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