Re: Is WSR the best of NOT's 50% JV's??BK
in response to
by
posted on
Jan 31, 2008 07:06AM
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)
Be careful because WSR is very junior and does not have the money to follow through on the jv's they are signing. I wasn't happy with Noront signing a jv with them as they don't have the resources to follow through.
These deals kind of make me laugh, promise to spend $5 million dollars when you'd be lucky to find $1 million to spend.