Re: KWG Says China Railroad Funding Deal Soon?-Chromite Crumbs!!
posted on
Jun 01, 2016 11:43AM
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 don't believe that Noront's path should necessarily follow KWG's. KWG may have sold out to the Chinese simply because they have no other recourse. Let KWG play with the Chinese and get our railway established. We are still in a better position to supply resources to the Chinese, and don't forget we also own part of KWG's chromite assets also, so we are in some respects joined at the hip. Depending at how you look at things. We share many of the same concerns over Chinese control, but I think the FN will decide how far things will go.
TM.