Re: Reminder-We are soooo undervalued! _Did I hear 'chromite'?
posted on
Feb 11, 2010 09:06AM
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)
"and thats why cliffs or whoever will be trying to buy NOT sooner than later . they want to buy it . beter to strike when the iron is hot. wouldnt you? why pay 10 when you can get it now for 5."
With enough Chromite for a century or so, and 20% of KWG, can you tell me why Cliffs would want us (or for the sake of it, SPQ)? so hard?
Cliffs is on chrome and iron. And they will stay there IMO. If a takeover is to come, it will be from elsewhere. Or from Noront itself, which I certainly hope.
I would want that some companies there begin to spin assets in Debut Diamond-like corps, in expectation of takeovers. Protective moves, like SH plans. If Mac had done that a year ago, FWR shareholders would hold shares in a Non-ROF assets New-FWR, and still have their very same shares in CLF. (IMO)
The Ni-Cu and iums would sure be mined at the tip of this railroad. By who? A consolidated New-NOT-SPQ-UC-FNC? A friendly or hostile Vale? Who want to guess? And the Motherlode is still to be found... My chips are spreaded here and there on the ROF table. With high on NOT and SPQ. The dice will be rolling for some time. There will be a lot of talking on this forum. But only the ground will tell the truth. So let"s drill!
GLTA.
BB.
(PS: I kind of agree with Lethal. These forums are controlled by some censors who deleted posts at will whenever something realistic or less positive is said. I had 3 posts deleted this week on the SPQ board, only because I said that SPQ's future (and I would think NOT's also, BTW) is not in chromite. Bang! Shoot the terrorist basher! C'mon. A clean-cut and trimmed garden may become boring to death... We're just talking, guys!)