I have read about companies that have rejected offers from a bidder only to have that bidder pull their bid and pull their interest forever... Now, here is my thought on the matter.
Freewest has a world class resource... OK, so what, when you are a Noront investor... so, Noront has Chromite too... Now, if you were a major and a little upstart "spec" company like Freewest does not play ball, what do you do??? Well, you buy out Noront and start to mine the chromite from the Blackbirds/Probe joint venture etc. etc. etc. If Freewest with their delusions of grandeur do not want to consolidate the area, let them stay an independant...
FOR THE NEXT 15 - 20 YEARS...
After reading again and again how Freewest is this and Freewest is that on the Freewest hub, I am of the opinion that why doesn't a major company come into the ring of fire and mine the nickel/ everything else in that ore mix, set up the chromite mine (in the end, there can only be one... excerpt from Highlander the movie) and wait to see who will offer Freewest their billions and billions of dollars that they want for their chromite... Let them sit for 15 years and see if they will come down a bit on their expectations... IT HAS BEEN DONE BEFORE, AND WILL PROBABLY BE DONE AGAIN. It' s just like a major buying an ore body to shelf it because it will only flood the market and drive the price down of the ore in question. I seriously think there is enough Chromite in the Noront and Noront/Probe jv to last 15 plus years... So what, who cares what little retail investors think it is worth. I have learned my lesson this past couple of years invested in Noront. Maybe it is time for those at the other company to learn what I have learned: you don't always get what you want when you want it. If they get to wait for the next 10-15 years to get what they want, that may change things up for them.
Just my rant for today. Maybe I'm having a bad day, but reading over on the Freewest forum sometimes puts me in a funk, and this is how I respond to their "UNREAL EXPECTATIONS"!!! So forgive me for ranting, but if they think that the world revolves around them (The Ring of Fire revolving around Freewest, that is), then perhaps it is time for a wake up call...
God Bless all NORONT shareholders.
Herb :-\
