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: Noront Completes Acquisition of Securities of KWG Resources Inc.

Me too, was wondering about the same thing.

My reading is that NOT treats these 111M KWG shares just like an extra appendix (yes, a body part) which could be neatly removed in one snip, gift wrapped and handed over to KWG in exchange for something else...in some kind of a deal.

Once they are in KWG possession, Frank could cancel them, and that would reduce the OS by 14%.

goldhunter

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