Re: Probe Noront JV
posted on
May 20, 2009 07:05AM
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)
"That says a lot if you think that NOT wants to do this ROF all alone... is PRB a screaming BUY?"
At the moment PRB is up 18% on 133K shares. An intriguing JV which promises something but I'm not sure exactly what that is yet. I think a few sitting on the edge of their chairs jumped the gun a bit on the buy button.... though it's still a great price to get in on. I find the timelines of the JV interesting with the operators alternating every two years. Two years and more to figure out that little plot before a buyout .... or just typical coverall contractual language for mining purposes? Suppose anything is possible.