Agoracom: Small Cap Investment - Noront Resources - NR

No such message found

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

essandjay

Rank: Vice President [?]

Points: 1521 [?]

Votes: 119 Score: 3.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

NR - strategic partner?

posted on Jun 09, 2008 06:46AM

From the last news release...

"Noront is continuing to identify companies who may be interested in becoming a strategic partner with Noront to assist it in developing its Double Eagle project. Noront is currently in preliminary discussions with a number of such candidates"

...my take is either of the following two scenarios:

1 - NOT is looking to consolidate ROF participants into a cohesive group so as to provide a unified bargaining group to enhance its negotiation ability when the big guys come seriously knocking at the door. This is the 80% factor according to Mr. Nemis.

2 - NOT is in the dancing stage with "a number of such candidates" with regards to the potential of a 10% buyout, also referred to by Mr. Nemis several months ago in, I believe, the Sudbury Mining Solutions Journal.