Re: NEWS - Hard to split what you don't own
in response to
by
posted on
May 09, 2008 09:42AM
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)
Don't think it will be difficult to split, even on properties with spilt ownership.
If they were to split NOT the company which has the Windfall property will just own the same percentage as Noront does to - it will probably just be called another name.
E.g. spin off Double eagle into a seperat Co. and Burnt Hill along with China and so on in another Co., then you will have a company left having the same part of Windfall as Noront does today.
Lap