Probe and FNC
in response to
by
posted on
Jun 03, 2008 09:19AM
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)
Add to the mix of today's news the issues with respect to FNC....although I don't believe we've been given anything publicly, just look at what has transpired...
NOT drills 4 holes between their property and that of FNC....but only to 100 meters when all indications were that the deposit is actually sitting below 150 meters
NOT stops drilling DE1, even though it is still open at depth
FNC still hasn't committed to drill their property as well.....I'd bet we get further delays there as well until the parties come to some sort of agreement
As I have said my earlier post, it's likely they want to combine some property for a JV as well as shared costs
Regardless, don't expect to see any 43-101 until this all gets resolved..
What's happening here could be exactly why it seems the news is slow to come.....everyone waiting for the next to make a move....nobody blinking yet
All in my opinion of course