I know I have already written about this ..but,

I can't get this Mick Davis guy out of my head. Apparently he's rumoured to have 1.5 billion worth of funds ...to do something with.

He wants to build an Xstrata 2.

Noront has not announced their new CEO and financing partner...yet.

In these articles I posted below...it talks about the luck in establishing Xstrata. The famous example of buying Falconbridge when nickel was $6.00 a lb only to see it go to $22 lb.

I cannot get out of my head the FACT that Noront can produce nickel for MINUS 70 LB.

Does it get anymore attractive then this ...anywhere in the world??

Many juniors have been very beaten down and are holding some wonderful deposits...but can they mine stuff for less than zero cost?? Are they highly diversified??

The articles also mention: "They will have to be very selective about the minerals in which they invest,” he added."

Look at how diversified Noront is: Nickel, copper, platinum, palladium, gold..chromium and the other stuff found.

If I don't see some sort of a buy-in or partnership with Davis ...then I firmly believe it's because Noront doesn't want them...not the other way around.

Noront has the closest potential to an X2 that I have ever seen.

This current holding of the share price could even be a "hold until stock options for the new member are released."

"Returning to Davis, it has been rumoured some $1.5bn worth of funds has been thrown at him to build his fund, but there are some who doubt he will find it as easy as in the days when he founded Xstrata in 2003.

“There was a lot of luck in establishing Xstrata,” says one analyst who asked not to be named. The famous example is Xstrata’s purchase of Canadian nickel producer, Falconbridge, at a time when the nickel price was $6 per pound ($/lb). It soon after raced up to $22/lb and made pay-back on the asset a simple process.

These days it’s a much harder business. “No mining business can claim to be truly diversified while it has exposure to China,” says Maquarie’s Daly. The implication is that private equity wealth development on the scale of Davis’s Xstrata is nearly impossible. “It’s very hard today,” said an analyst. “They will have to be very selective about the minerals in which they invest,” he added."

http://www.forbes.com/sites/timtreadgold/2013/05/06/davis-follows-buffetts-advice-by-investing-in-mining-when-others-are-fearful/

http://www.forbes.com/sites/timtreadgold/2013/05/06/davis-follows-buffetts-advice-by-investing-in-mining-when-others-are-fearful/