If I were BHP i would be getting all my friends and family to buy up these open market shares and then tender them.  Secret agent BHP stuff.

If I were a competing major I would be buying up these open market shares to the point I had to declare them.  This I would do before tendering my competing bid.

If I were Glencore I would not dig deeper I would start a new mining camp and use the data gleaned from XPS and KWG.  I would be a giant in nickel and stainless.

If i were Wyloo I would not tender my shares but put together a good bid to bring myself beyond the 50.1% as I am already so close to ownership.  I only need to buy up about 60% of remaining shares  to own the company.

If I were the Matawa i would be wondering how I will be treated by BHP.  I would want this to remain a Canadian treasure that I could be a partner in.

If I were JT i would not let this Canadian gem get away and would derisk the project to the point a Canadian major (hint Teck) would come forward and make up for the loss of voisey.

As a Noront shareholder i would not sell any shares to prevent any of these things from happening.  BHP or wyloo or Glencore or Teck etc can easily afford to pay more as in the end it will be a small fraction of what the ring is worth. 

As a Noront insider I seem to be acting in self interest for who knows what.  Jobs, perks???? I could continue on...the BHP payroll for some elevated salary and signing bonus.

As Noront management I would be hanging my head in shame for a dismal failure unless all this is just posturing.

In the end all will be evident.

GLTA Ringer