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: Nice Move, almost 35%... Well K.....
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Oct 28, 2011 09:44PM

Two points you mention, Sum, that should be elaborated;

"If NOT is indeed smack dab in the middle of the greatest find of the century".

This is a totally inside /out situation. I have seen past history, where someone holds a small position right in the middle of a big find, and can hold up the developer because of it. In CLF's case they are planning to develop a small holding right in the center of NOT's land position. There have to be ramnifiations there.

"Some might say, what of Boasteel?".

If there is a takeout coming, we should hope it is not Baosteel. If this someone else starts a bidding war, Baosteel always has the right of first refusal to fall back on, and that can only line our pockets a bit more.

Best regards

K

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