Re: News...no counter offer coming- Glorieux
in response to
by
posted on
Oct 30, 2009 09:29AM
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)
Yes, my apologies, it is only 10% that they are going to walk away from. On the other hand, assuming CLF has some large "friends in the fort" at FWR (which seems likely given the cozy relationship) they are collectively walking away from a toehold position of ____ percent. OK you fill in the blank for me, I do not have those resources. If the blank is more than 25% by the way, I think we are in for some fireworks. Why you implicitly see this as bad for NOT , I don't know, CLF taking out FWR is exactly what it will take to get me to ramp up my NOT.