Re: Base metals...Chess Move
in response to
by
posted on
Feb 19, 2021 12:18PM
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)
Our FS will not come before both government, and First Nation commitments are settled. I do not see Noront releasing such information at this current time. Information that will continue to make the company vulnerable to the excessive demands, and manipulation, brought on it by Matawa & or Mushkegowuk. Only when a deal is signed between the government and the respective First Nations, which may precipitate a further agreement between Noront and Matawa will the FS be made public. To do so before this would be corporate suicide.
Think about this....When you have:
......You have a pretty big reason why Ontario is last on the list of things to do. Why? Well...Think of it like this...Something like the Ring of Fire is worth more than anyone can fathom. Just thinking about it makes those who are rich, and in the know, giddy with delight. Neither governments, nor First Nations, have the ability to see the Ring to fruition. Only those with the money, power, and the wherewithal can see the project through. But in a global game of chess to control the board moving your pieces takes forever in some cases. Especially, when you want to move quickly, but cannot, without giving up your pieces, or your plan.
In other words...To make any hasty moves would put Noront, and it's very affluent shareholders, in Checkmate.
TM