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: Re: Noront Resources eyes chrome assets sale [full article]Published: Jun 7 2010
24
Jun 08, 2010 01:02AM

Things seem to happen as a bunch of seperates combined to make an event. Kwg and Spq have excellent chrome but are bucking the takeover by Cliffs who has publicly stated they are going to make this chrome mine work. As the results come in for the chromite its looking like there are several bodies that have different values as an ore and sizes that would make a starting location difficult to determine so Cliffs wants to have the option to start anywhere. Kwg and Spq merging would give them a control over Big Daddy and now Noronts hinting at selling its chromite or JV to develop the Eagle. Probe is looking nickel but has chrome too. The timing of this back door news is interesting. Could KWG SPQ PRB FNC NOT be talking together a lot more? Noront states that the chromite is not a stand alone project. The "group" may want to sell everything to Cliffs at once instead of being picked off a little at a time. Strength in JV and merge instead of death by little cuts. More value for all? Don't know, or will the area be divided into just 2 companies, Cliffs Chrome and a merge of the rest to cooperate together on Nickel, with "The Nickel Company" working as partners with the "Chrome Company" on infrastructure?

18
Jun 09, 2010 10:03AM
Share
New Message
Please login to post a reply