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: Three possible outcomes
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1. Wyloo capitulates and agrees to tender to BHP's $0.75 offer. LOL! After everything Wyloo has said to date, I think that's unlikely.

2. Wyloo tells BHP to take a take a hike. In this case BHP either quits (NOT likely) or resumes the bidding war. Good for us retail.

3. BHP sweetens the offer to something acceptable to Wyloo. To do this, BHP has to either pay now (with a higher bid), pay later ($0.75 + some sort of NSR), or some combination. If they agree to the pay later option, everything falls to MarlboroDog's CEO.CA assessment (posted by Ringer).

Worst case, we get $0.75 and have a very sad story to tell future generations.

Seems to me the best option is to sit tight until the dust settles.

Hobbit.

16 Recommendations
Re: Three possible outcomes
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cb2go
Nov 03, 2021 09:07AM
Re: Three possible outcomes
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Inca
Nov 03, 2021 09:38AM
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