Re: more about timely disclosure

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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rosehill

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Re: more about timely disclosure

in response to

Re: more about timely disclosure

hoov

posted on Feb 18, 2009 05:04AM

Hoov,

I understand your point completely. What I don't understand is the reason for Noront to hold back. Clearly they are frustrating their JV partner. I might add that the Noront board is fully aware of the situation with Seafield. Yet they are not complying with the wishes of their JV partner.

My questions are as follows:

Does Noront need Seafield as a JV partner?
Are their clauses in the contract we are not aware of?
Is the new NOT board saving money by cutting back on non-critical work?
Is NOT suffering from backlogs?

A while back I mentioned that Richard may have taken on too many joint ventures as a small exploration company. I mentioned the joint ventures can take up a lot of resources to administer properly. Is Seafield a case where Noront has overextended it's ability to properly administer JV partnerships? The optics on this don't look good to me.