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: here's my 2 cents Edgy (a-1)
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Oct 21, 2012 06:02PM
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ANL
Oct 22, 2012 03:36PM
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Oct 24, 2012 03:17PM

"I replied that it was just a proposal. They want and hope that their proposal will be recognized and accepted. That proposal of rail ownership is based on a false proposition, i.e. traditional lands = ownership. I do not know much about property or claim rights in Ontario even though am a resident of same. Any lawyers reading this?"

Hi Edgy. The proposal of rail ownership is not based on so-called FN rights of ownership to traditional land, but on a voluntary idea put forward by KWG (CCC) management. My recall is that after the RR is paid-back (like 20 years or so), FN would then received the ownership of the rails and the rails bed for no consideration, and would therefore operate the line for their own benefit.

Planets are aligning for this RR project, which many tought cranky at first! As I said, Frank Smeenk is not a guy to retire with 5 pennies (now 6 and a half!) and a goldwatch. Cliffs beware!

By the way, Bruce did confirm that the PPP application is still on, but will be considered for the next round. The last round was looking for 'shovel-ready' projects which CCC's was not at the time.

GLTA.

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Oct 25, 2012 09:32AM
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