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: "The RING OF FIRE"
18
Dec 19, 2008 04:41AM
5
Dec 19, 2008 05:04AM

Nice to consider but doubtful anything will happen in short term.

Probe seems to be striking out when it comes to finding anything so has only cash as the attraction and can't see PRB management giving that away. FWR has hit on a huge and rich Chromite deposit which makes great fit with Noront's but so far nobody seems to be able to put an economic value on Chromite.

Finding nickel deposits like E1 and 2 looks to be a lot harder than expected with BMK recently coming up empty handed after considerable drilling on likely targets. Juniors without deep pockets are going to find it impossible to stay the course in the ROF so yes I'd expect a lot of consolidation at some point.

6
Dec 19, 2008 06:03AM
3
Dec 19, 2008 07:22AM
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