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: Winking Cliff for a partnership?Is that the reason for the news release?....
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Winking Cliff for a partnership?Is that the reason for the news release?....
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oiramoric
Sep 13, 2011 02:16PM

To take your premise one step further.... Noront and Cliffs partnering up for a road /rialroad to get to the chromite and each shipping out a ratio of the chromite as per cost.

Eg......Cliffs ships out 100 tons.... Noront ships out 50 tons on each shipment ...ergo ratio per capital costs Cliffs 2:1

This could /would benefit each partner and free up working capital over a long period of time.When Noront runs out of Chromite they could ship nickel?

Another scenario is for both to use the same road/railroad ..Noront sells its chromite to Cliffs in exchange for its share of the road/railroad and ships out only nickel?

Just TOTB

Dennis

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