Two items that have me holding on tight in the ROF

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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Boatboy

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Two items that have me holding on tight in the ROF

posted on Jul 27, 2009 10:27PM

In the past week or so 2 things have been the most encouraging to me.

Firstly, the action of Clarus. They have been very strong on the buy side and continue to believe, as I do, that there is still room for new buyers to be able to get in now and still wake up Crazy within an acceptable period of time.

Secondly, the action of KMG & Cliffs. Why would anyone at this stage in the development consider it important to take out even half of a 2% overriding royalty? To boot they feel that paying out a minimum of $1,635,000 for the 1% indicates that they feel that the KWG share exceeds $163,500,000. Now think about that! That same deal allows the royalty holder (unconfirmed to be RN) the ability to buy 30M shares at 10 cents within a five year period. Those numbers are mindboggling... $4,635,000 for a 1% royalty, we're now talking KWG share of the royalty to be $463,500,000.