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: Why on earth are we still here ? Pardner !
40
May 13, 2010 04:56PM

Any majors that could foot the bill to access the RoF in the near future are not only quite active in Australia but are also currently in a state of bewilderment wondering just what the Aussie treasury is really talking about.

I thought Cliffs was working with KWG and Noront was working with the canadian provincial/federal governments to bring access to ROF as according to all the news releases/info. I also figure that Noront will pre sell the high-grade core of Eaglesnest, instead of dillution, to access the funds for their part of more infrastructure. A partnership between all parties involved from the FN to the Gov and companies is the usual way major infrastructure is done and I doubt that Australia tax laws has as much importance as you think in the ROF. The Majors in Australia don't need to be involved and don't even care about our "little" project at this time. In a few years and after all the permits have been OK'd is when they will have more interest. If you are here to sell to a major I can see your concern. I am here to own a producing pge/nickel mine. If I wanted to have shares in Xstrata I would buy them.

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