Re: FSDI results by end of year....
in response to
by
posted on
Dec 15, 2016 07:12AM
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)
THE goal should be shareholder value through a correct exit strategy. That is the obvious. How does Not matter. In this case the E-W road is not needed for shareholder value. NOT looks like needing the road for just an eleven year period for Nickle and PGMs, just eleven years, no longer. After which it will need a railroad for the Chromite. FN have less interest in the road than projected by others, it will be a 5 Hours drive to the very first junction and they have lived remote without roads for a long period. Government is reluctant to build and pay it if they even can. So how difficult is it to see that the road is Not necessary if a railroad is the better alternative. Both of them would be out of the question from a financial point of view (spilling money). To reach the shareholder value goal, the one and only direction left, it would be wise to openly support the Chinese railroad coming in and work with KWG. Again, it is wrong to think the goal is the road as it is absolutely necessary to reach the overall goal towards a development phase. So what is RCF thinking, where is the obstacle ? Al said KWG's chromite is below NOT's chromite, so Chinese investment will need NOT' inclusion. Auminer, there is no conspiracy, it is a matter of straighten out the goal. This will be a success when FSDI will go through, without the road ever being build. More mines along the way is a shot in the dark for this instance.