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