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: no way

no way

posted on Dec 13, 2009 09:06AM

there is no way given the remote location, massive resources and huge cost for infrastructure that the rof will be mined by all these individual companies. in the end the entire area will be controlled by 1 company. this is just the first of many battles to consolidate. if not gets control of freewest it becomes a bigger takeout target. if cliff gets it then noront avoids dilution and actually finances future drilling programs without dilution also thanks to cliffs. being the first one taken out like freewest is good short term as the shareholders made a large return. we now have a value on our chrome deposit thanks to this deal and the attention of bnn and the majors. given the massive land package wes has to work with and the freewest profit as funding he can build our known resources to an increasingly massive level. probe would also be a much cheaper aquisition than freewest as they already are partners. when the time comes for a real major to come in and get control then the shareholders of noront will be rewarded in a much greater way than the 1 dollar freewest deal. p.s. i am here to gain information only and all opinions should be welcome however i do not enjoy the wasted posts based on nothing more than personality conflicts. it's about making money.

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