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: Re: Maybe bring some poster a reality check too
PP
1
Feb 04, 2008 05:08AM

Re: Maybe bring some poster a reality check too

posted on Feb 04, 2008 07:35AM

While I won't go as far as Al on the McFauld board with comments about BMK I will say that there is a world of difference between the management of Noront and BMK. BMK in my opinion are weak and pushed into an extremely unfavourable pp.

Look at the two deals, Noront gave investors putting up $26 million dollars a 10% discount, from Fridays close and not what the shares were a month ago. BMK did theres at what 50% of market pricing. Noront also did not do this as flow thru shares which do have tax implications for the company issuing where BMK did. Warrant deal much stronger for Noront as well.

BMK investors like to think they have a chance to become a Noront but it's just a chance and they'll never have the strength of management. 

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