Re: Judge approves Port of Algoma sale

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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Babjak1

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Re: Judge approves Port of Algoma sale

in response to

Judge approves Port of Algoma sale

Ringer

posted on Nov 16, 2018 08:38AM

Ringer, excellent news on the Port!

"The receivership application was supported by Essar Steel Algoma Inc., the court-appointed monitor and the consenting creditors expected to acquire Algoma's assets on Nov. 30."

Alan Coutts mentioned in the past that he wanted to delay announcing the smelter decision until he knew the status of the Algoma situation.

The snagging of the Port is excellent news. After Nov.30, Noront is free to announce the location of the smelter.