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: Why NOT wants FWR

Why NOT wants FWR

posted on Nov 26, 2009 07:34PM

Not wants to sell the whole chromite in the ROF to one buyer

Cliffs wants to buy on the cheap

NOT wins, the price for the chromite will be higher to buyer(anyone) as NOTs chrome will be included

Cliffs wins, they want just 30 years worth at this time, cheaper that way. Build rail and smelter. Mine the chrome. Have to have NOTs Eagle mined to support rail. Screw the rest.

NOT doesn't get FWR, they will mine the Eagle and sell the chrome to whoever buys with shipping on Cliffs rail.

Cliffs doesn't get FWR, they will have to pay what its worth from Noront. Most likely they will pay what its worth and build rail and smelter.

NOT wins, everybody but Cliffs make more money.

Cliffs wins, Everybody but FWR makes more money.

Nobody wins, then everybody has to do a JV so everybody makes more money.

In the end there will be NOT and Cliffs and the governments(local/provincial/federal) of Canada.

The rest (kwg,spq,etc) will fit between the cracks till next discovery is found.

9
Nov 26, 2009 07:56PM
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Nov 26, 2009 08:13PM
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Nov 26, 2009 08:24PM
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