Re: What a pleasant surprise
in response to
by
posted on
Mar 23, 2015 07:20PM
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)
I have to agree with edgy here, and im not sure how KWGers can continually see everything with rose colored glasses. None of us can be sure what the meeting is about, but common sense tells me that it would be imperative that the two sides meet considering they both hold a piece of a common pie. Albeit, one is much bigger than the other....
The fact that KWG put this "news" to a press release just confirms my previous assumptions of total and utter desperation. Its funny that noront didn't find it material enough to issue a NR. Consider perspective folks.
Sorry to rain on anyones parade, but I don't see the meeting as anything but a formality given the recent developments with regards to cliffs, correction, noronts ROF assets. And if it were anything more, how could it even help KWG? Cliffs received $20 million for 100% of thor, 100% of label and 70% of big daddy. What does this value KWGs 30% of BD at? Do the math and decide how excited you should be. The big consolidation that everyone is cheering over is NOT/CLFS. Even if NOT wanted to mine the chrome at the same time as the nickel, what makes anyone think they'd start with big daddy? It could be 50 years before they bother with it, just sayin. Just the way I see it folks, time will tell how this plays out. Good luck all NOT shareholders.
djje