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: Open your eyes !

Come on people, are we too blind to see what´s going on here ?

Remember the times (and it´s not that long ago) when Noront pulled Chromite core after Chromite core and the whole world was saying:

"Chromite ? What´s that ? We don´t need that ! You can find it virtually everywhere ! It´s worthless !"

And that was exactly how Noront´s share price reacted after every Chromite find:

going down (because it was supposed to be worthless)!

So I ask everybody here on this board (and every other board of RoF players with Chromite finds):

how comes that suddenly a mid-size player turns up in this soooo remote swamp-land, with no infrastructure, and no chance of mining anything because of a very negative feasibility outlook and ....

exactly this mid-size player is buying a Chromite project for $ 250M (FWR) and is now attempting to buy only 26% of another one for $ 125M (SPQ) ???

Remember: they (CLF) have NO infrastructure either!

And now turn your view on Noront again.

We have a supposedly smaller Chromite deposit, BUT we have a large tonnage, high-grade Nickel-PGE-Copper deposit as well (plus Gold, Vanadium and a lot of very propsective land) !

And all this is valued by this soooo efficient market @ $ 221M (only) ???

Surely, a lot of effort is being put into this to make us blind !

All I can say is: "OPEN YOUR EYES !"

FANTOMAS

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Jun 26, 2010 07:59PM
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