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 and KWG reaction to cliffs
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Oct 03, 2014 11:33AM
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Oct 03, 2014 02:14PM

"Fact # 6 Backers, upon acquisition of CLF's assets are definitely NOT going to giftwrap same and ceremoniously hand them over to NOT or KWG out of the goodness of their hearts."

There is always a price.
But Bao's interest is probably to have access to a larger stock pile of chromite so they may be able to take lower payback as long as the reasurance ( read guarantee ) is there for decades to come.

RCF on the other hand are likely to go for nothing short of profit for the duration that any loan is paid back from Noront profits or rayalties.

Both may be content to have Noront being a minority owner and operator.

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Oct 03, 2014 05:28PM
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ANL
Oct 03, 2014 07:27PM
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Oct 04, 2014 07:52AM
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ANL
Oct 04, 2014 11:51AM
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Oct 04, 2014 12:28PM
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