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)

Free
Message: Those considering not tendering, here is another scenario
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Those considering not tendering, here is another scenario

posted on Dec 08, 2009 02:54PM

NOT wins 40% or more and now control FWR and their deposits. Noront knows that Chromite on FWR land will not be mined by anyone else now. They know it is 5-7 years before chromite production starts anywhere in the ring of fire. They feel a little vindictive and decide to mine their chromite first. They have enough for 10 years. They let the other 60% of FWR shareholders hold the bag for a very long time...

Glorieux

PS this maybe a scare tactic on my part...but it could also turn out to be reality so there is a huge decision to be made here and doing nothing is a decision that some may regret.

19 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply