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: Mick Davis-South Africa-Chamber of Mines CEO Roger Baxter
6
Oct 04, 2017 12:34PM

I sincerely view Mick is going after the Chromite. Even with the 5 Billion (it will be less as some ledgers and investors left in the meantime), it is no longer enough in this marketplace. Has changed a lot since the growth of Xstrata, many more know how to be the player in the market. Chromite would be a good choice for him after reading his remarks on the home country. He is absolutely right. Some people at X2 live like almost next-door to number of NOT's boardmembers, do not know if that will make the difference here, can surely help to know each other really well upfront. Not that long ago either that X2 stated it would make a move in Canada, a prelude and then a bigger deal. Seems to concur at the same time as authority shifting gears in the ROF. Coincidence..... no longer exists. And it took a long while to make a crossing like this, both parties like empty handed now, together a perfect fit, the means and the goodies. Something to cheer about, as long as Mick is not looking for direct cashflow (that would cost him more btw). I think we may strike a deal here. He was looking to diversify as well if I remember well, in-situ 1.4 B copper, 2.3 B Pd, 0.7 B Platinum, 2.4 B nickle, aprox. To be on the safe side and 50 B Chromite (Smeenk's 300 B). I do not think Mick will get a better deal anywhere else, in terms of quantity, potential and image. Image as in 100 year mine lifecycle, a project for life alike his Xstrata achievements.

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