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: NOT's Cheque Book
3
May 30, 2014 01:28PM

Hi Tin Man,

According to Alan's quotes in the published news, he has not discussed the purchasing of the claims yet. I see him as an honest man so I take that at his word.

The purchase of the camp was a shrewd move by Noront.

Cliff's is getting a lot of pressure right now with one of the issues being that they are unfocused and they need to stop spending money on new projects.

Cliff's may have felt that selling the camp would be something they could show their shareholder's that they will not be spending on this project.

The price of the camp will be small from Cliff's persepctive so I can't really see them selling it for the money.

I think Noront saw it as an opportunity and Cliff's used it as something to show it's shareholder's something.

I too hope that it will lead to something more but I don't believe that anything is cooking there at this time.

Just my opinion.

JDR

6
May 30, 2014 04:32PM
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