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: Bull's eye results
Reply New Message
Prev Message Back To Forum Threaded View Next Message

lethalgal, do you not think that FWR had more to lose at this point in time by driling the bullseye and coming up empty? It was

By virtue of this target being a 50/50 JV, had the target hit big, it had the potential to change not only the NOT 4-1 offer but the also the present trading ratio of 3+-1.

Mac didn't have to drill the target at this time. It was a calcuated risk (for a timely NI hit)that obviousy did not pan out.

As a NOT shareholder, I certainly would have loved a big hit but...

Cheers,

Milsy1

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