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: Why it really is 'King' Richard

Why it really is 'King' Richard

posted on Oct 16, 2007 02:26PM

I believe it hasn't yet sunk in that RN and Noront will rule the roost no matter what additional discoveries are made. One of the major Nickle producers will eventually and at Richard and Noronts fair asking price. They just can ignore such a rich and easily mined deposit that would permit them to recoup the capital investment required quickly.

The 'King' part comes from the fact that others in line with their, likely more modest, discoveries will not have the same bargaining power. The big producer would play hardball and say well here is my offer and I'm the only game in town so take it or leave it.

This scenerio wouldn't hold if a camp big enough to bring in two major produces was found but how likely is that? Voisey Bay was huge but only one producer.

Noront will get more out of their properties than anyone else imho.

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