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)

Free
Message: Noront Resources Announces Private Placement Financing and Further Responds to Wyloo Proposal.
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Haven't heard from and wondering what they are thinking .......

Franco Nevada - Noront owes $45 Mil+ loan and they hold 1% NPR in Eagles Nest and 3% in chromite etc.

Baosteel - holds in excess of 22.5 Mil share at avg cost in excess of $.086/share.  Would increase to in excess of 24.5 Mil if exercise top up. Had previous option to buy additional but declined.

These 3 companies are heavy hitters. If there is any substance to the Wyloo move to take over Noront and mine. would expect they will need to address Franco and Baosteel.  Otherwise this will end up just being a paper shuffle of mining claim ownership.  Obviously these guys are long term thinkers or they would have been more aggressive or bailed years ago.

3 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply