goldhunter11 wrote…

"Folks, pick your horse in this race. Mine is Xstrata/Gllencore and the main reason: their desire to monopolize the chromite market."

Good aft,

I'm thinking that no one major will be allowed, (by the other majors, with a bidding war) two take control of a major part of the ring of fire. The reason behind this thought is whichever company could get a majority stake would monopolize the market as you point out for chrome, but not just chrome? I don’t believe any of them could afford to let one company move on such a massively rich resource as the ROF. All of them know at this point how much is there & how rich it is… $50-$60 bs has been in the news, with an est. of up to 2 to 300 more anomalies to be tested in the entire ring. I also do not think chrome is the most lucrative ore located there. Just the one getting all the attention now. Someone should give Cliff’s a baby bottle, to stop the crying… =0)

NOT’s last deep drill results had platinum off the chart, at around intersected 22.8 metres averaging 28.1 gpt Pt! They reported that it was injected into the eagles nest anomaly & that if traced back to the source it could be even richer. Just going by memory, so pls. don’t get me on the details. My point is that it was a crazy amount. At that time NOT stop reporting deep drill results & abandoned the deep drilling. They said it was because of not being able to stabilise the drill, but I feel it was because it was just getting ridiculously rich, & they were just started to enter the conversion zone. I’m sure they felt at that point they had enough info. to prove the Eagles nest worth to a major, would be more likely? Also AT12 could be richer!

Toronto, Ontario, December 8, 2009. Noront Resources Ltd.

HIGHLIGHTS:

• Hole #NOT-09-070-W1 original assaying intersected 22.8 metres averaging 28.1 gpt Pt and 8.0 gpt Pd

o Including 8.4 metres averaging 1.2% Ni, 1.5% Cu, 68.8 gpt Pt and 7.6 gpt Pd

• Hole #NOT-09-070-W1 check assaying intersected 22.8 metres averaging 26.0 gpt Pt and 7.6 gpt Pd

o Note a sample within the interval (619.3-620m) had insufficient material to accurately rerun, considering

this the intervals above and below this sample are as follows

o (607.6 – 619.3m) original Pt was 50.3gpt and rerun Pt 50.0gpt, original Pd 9.0gpt rerun Pd 9.0gpt

o (620-630.4m) original Pt was 2.6gpt and rerun Pt 3.9gpt, original Pd 6.7gpt and rerun 6.4gpt

• Sample 432113 measuring 0.5m returned a rhodium grade of 2.19 gpt with 312.0 gpt platinum and 11.5 gpt palladium

• Sample 432116 measuring 0.15m returned a rhodium grade of 3.13 gpt with 943 gpt platinum and 11.3 gpt palladium

& let’s not forget the 1m of 60% rare earth nickel KWG & spider hit, which was again injected from another source & made Cliff’s move on Freewest! No more reports from that site. Cliff are not only after Chrome here…

TORONTO, ONTARIO - January 7, 2010 - Spider Resources Inc. (SPQ:TSX-V) ("Spider"), KWG Resources Inc. (KWG:TSX-V) ("KWG") and Freewest Resources Canada Inc. (FWR:TSX-V) ("Freewest")

Spider Resources Inc. , KWG Resources Inc. And Freewest Resources Canada Inc. Encounter Consistent Chromite Mineralization At Big Daddy; Rare Nickel Mineral Discovered Suggesting Nearby Source For Accumulation Of Nickel

Dr. James Franklin (director of Spider Resources Inc.) states: "This is a very low-temperature assemblage, and probably represents hydrothermal transport up a shear system from a more substantial Ni accumulation", Dr. Franklin continues "this explains the very high Ni contents, as it contains nearly 60% Ni."

The press have reported, that some of the existing produces are already crying to the gov’t. about why they would be opening a new mining district & smelters when the commodity prices are so low. Really what they’re afraid of & lobbing to stop is that the ROF is so rich & large that their industry boarder line % base & precious metals mines will be put of business once the ROF is set up & has a rail, smelters, & they will just not be able to compete. A genuine concern, knowing what has been posted to date about the ROF & if I’m an own/operator at present. I do not mean just in Ont. but worldwide, IMHO.

So, you dive right in picking “Xstrata/Gllencore”, which is one company that I have not seem any news or press on, that they are even interested in the ROF. They seem to have their hands full with organizing the merger & making it just Gllencore, or so it seems??? Or maybe you meant X2?

It has been shown by the great research of the unselfish resource sharing of Babjak1 on the NOT board that Mr. Davis & pals are scorn from the “Xstrata/Gllencore” merger, and have something to prove. Some real hard feeling & millions of dollars lost for our pal (White Knight?), Mick! It sure seems; by them coming out to form X2 that they may be vying for some kind of deal with Noront. All the dots have been connected by association & it really seems that X2 could kick off the first of an opening bid to grab the major land holdings with a buyout, or more likely in my mind, a JV or merger with NOT. The 1Q 2014.

I caught the interview with Frank (KWG) on BNN a week or so ago. He was speaking toward the gov’t setting up a “port authority” to run the rail in the ring of fire with the FN having a very large involvement. So I asked myself. What are the FN famous for? The first thing that comes to my mind is “ROAD BLOCKS”. If they don’t get what they want, they shut the road down! Yes they want money, but that could be #2 on their wish list. They also say they are very concerned about the environment. What I believe is that they want is “CONTROL” the rail because if a company doesn’t comply to their rules for the environment or the payments, they will be able to refuse their usage of the rail & they will not be able to get the resource to market. Hum? A new phase to associate to FN “Rail block”!

Maybe they have been watching too much Dragon’s Den! Haha If you have watched it, this group of investors are constantly looking for a utility payment. Patents, subscription, anything that will never end & that they can set up, go on holidays, & keep the money rolling in. To me that would be #1 on the FN list, IMO.

#1 on the list is to get a mines life of never ending source of money with a r/r royalty.

#2 How much can we get & still make the deal viable?

I think Frank is on to something here. This would be the only way to ensure a fair deal for all companies trying to get their ore to market. Think about this… The Gov’t sets up the deal with the FN, with rules that they will need to follow, so they can’t hold all of the companies ransomed. They let FN run it & collect their money from shipping & monitor all the companies to ensure they follow the environment rules. With penalties assessed by FN for the companies that step over the environment line. Much like the NHL has been set up, come to think of it. So the Gov’t no longer has try’s to make onetime payments of tax payers $$$ to FN, & the resource in the ROF pays FN by charging companies to move the ore to market. Gov’t, like FN now can sit back & collect all the corp. taxes on the deal. I think this is what’s taking so long for them to set up. They will need to look many decades into the future to try to think of all the different opt. to make up the rules of play.

That point & I think everyone wants to see what happens with the debt ceiling in the USA before they put the real money down. As Mick mentioned in one on his press conferences.

When we go to the track there are 10 races or so to bet on every night… In the first race I have already put my money on the horses not the riders. IMO, Xstrata/Gllencore, Cliffs & X2 etc., are riders not a horses! The horses in these races are the little guys or exploration comp’s like NOT, KWG. Bold, BMK etc.

I think we as investors will have many horses to bet on similar to the staking rush that went on in 2008 in the ring of fire. There are upwards of 40 horse (exploration comp’s.) currently in programs & anyone of them can surge to the front with one solid drill core.

I’m hoping will have many opportunities to bet to Win, Show or place in the short races & then be able to roll the winnings over to the next race & new set of horses.

Monitoring dill results & timing on news releases will be crucial to maximizing our winnings & getting to the winners circle.

Good luck & thank you for sharing your research it is much appreciated!

That’s my thought, with a little fact thrown in…

Have a great night,

Hebe