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: Why Worry About A Deal Yet?

Re: Why Worry About A Deal Yet?

posted on Sep 26, 2008 09:57AM

Can't see anyone expressing 'worry' about a 'deal' just expressing an opinion that you can't rule out a 'deal' being made sooner rather than later.

Noront has said they won't drill to prove up 'Chromium' as this is something that requires a 'partner'. It therefor obvious they are both actively seeking such a partner and/or open to discussions with such a 'partner'.

Will waiting improve the terms of such a 'deal'? That's up to Noront Management but if chromite drilling isn't going to be continued to prove up resources it's hard to see why a better deal can me done six months down the road instead of now.

You can bet that NOT/FWR/SPQ/FNC and likely a few more players have all discussed possibilities and would work together to get an optimum deal involving all of them.

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Sep 26, 2008 10:49AM
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Sep 26, 2008 11:09AM
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