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: '' NEW VISION ''
6
Jun 01, 2008 12:42PM

I've already puzzled over this statement ad nauseum in the past couple of months...my only other wild theory I can come up with is this:

While we know it was always the intention to "serve up McFauld's" to a major in a 12 -18 months time frame, maybe Richard Nemis and company want a bit more of a Canadian legacy, as they come to understand the possible magnitude of this find. Is it possible they want to carve out a small piece apart from what would be sold to a major, with the intention being to start up a new home-grown nickel producer?

The other thing is, perhaps the hallmark signature of this find ( so far, known definitively only to those who have successfully drilled it) gives the Noront team confidence they could find another deposit like it, even it were on a much smaller scale.

I have heard it said that explorers don't often make good miners, it being a whole new learning curve,but for an exploration company to say they have a "new vision" for themselves makes me wonder if this could be the tip-off? I mean, John Harvey was with Noranda, so he's spent time in the mining industry as well, not just with junior explorers.

There'a lot of holes in this theory, I'm sure, but I just can't figure out what else could be up his sleeves, after everything he's said he plans to do up to this point.

JMHO

2
Jun 01, 2008 01:40PM
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Jun 01, 2008 02:15PM
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