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: Re: Dundee report - Management ?
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Feb 19, 2010 09:28PM
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Feb 20, 2010 10:54AM
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Feb 20, 2010 12:31PM

"Well you got CLF flushed out and they are at the starting line , the Provincial Government is the blocks , the Federal Government is hailing the ROF as a world class mine, the FN are at the line and the whole world is now looking at the ROF.

Now, Do you really think that the NOT management team are bunch of country bumpkins that just fell off a cabbage truck or are they one sharp bunch?

Well rapidrob, I think we know the answer to that question and I also know who we can thank for getting the pot boiling in the ROF. "

You actually raise some very interesting points here, BJ.

We do indeed have everyone lined up at the starting gate, with an ever increasing audience. Unfortunately the gates seem to be short circuited and we can't get them open so the race can start.

As to the management team being sharp as a tack, or country bumpkins, either one is possible at this point, and it will be a while yet before this as truly and properly answered.

They were very successful in getting the ROF lit up, and forced an eventual price gain with FWR of over 300%, which most of us enjoyed. However the question now is whether CLF is satisfied with the Chrome they now have, or do they want it all badly enough to cough up continuingly increasing prices for it. Certainly there is no indication of this as evidenced by the SP of anyone else that is involved in the immediate area.

Possibly a settlement of these demands by FN, which I view with a jaundiced eye, but accept as a necessary part of progress, will be the catalyst which will result in positive things to come. Here's hoping.

Best regards

K

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