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Message: Re: borden neighbours, NIK-X
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Jan 01, 2013 01:38AM

Been There,

Very informative responses which I find very useful for getting the big picture together.

There was discussion on the other board about some PRB claims on the east side of the eastern part of Borden Lake. I could see (Ref. Slide 12 of Dec 2012 Corp Pres) a white rectangular part sticking out of on the east side of the lake, just like the nose of a pig, but not quite sure if that is the claim that belongs to PRB. Also, just south of the lake and the patent claims, and butting into the northern boundary of REC the claims there seem to belong to PRB as well. It would have been better if they coloured the claims, but that would be too easy.

Agree, both REC (Cap: some $400k?) and NIK (Cap $1M) are cheap enough to acquire, if they have some potential.

For REC, the land value alone (even for storage of waste rock or tailings) would be worth the money.

For NIK, perhaps a better strategy would be to wait for them to carry out the VTEM survey (or have a joint VTEM survey with them, since they don't seem to have enough money (financing at the current SP would result in dilution big time)...Need something like $0.5M or even more).

One outstanding question: Where exactly are NIK claims? (anyone?)

Cheers and Happy New Year to you!

goldhunter

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