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: Glorieux's rumour post
3
Aug 14, 2010 12:01PM

IAMS, I am puzzled by your thinking.

To me the termination of the JV with Probe separates resources along more logical lines, more chromite with Probe, more nickel etc. with Noront. Such makes it easier of an interested party to aquire either or both, depending on types of metals the buyer is interested in.

The fact that Noront made a new chromite discovery would not make things more difficult unless a slightly higher price for Noront would be an impediment.

I am itching to have your thoughts and logic. Thanks.

7
Aug 14, 2010 12:55PM
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