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: Another 10+ year vet that has been lurking
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Hi WW, unfortunately the friendly takeover bid by BHP is supported by the BOD so the poison pill will not go into effect, so we will not be able to buy more shares through this provision.

Right now, control of Noront is being fought over by BHP and Wyloo, and rumors say a third party is also interested.   They feel that they do not need to get all the shares, just enough to control and determine  the next phase of development and exploration, because right now, the current BOD is not doing much to move Noront forward (and has not for the past 7+ years)... Time for a change.

 

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