Re: Fight Fire with Fire with a Shotgun Baby!
in response to
by
posted on
May 12, 2009 11:12PM
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)
Hey cappy, "Cliffs is there, but they've got FWR and that's more then enough."
Conversations with MAC and a few e-mails to Cliffs lead me to this statement. I don't believe I'm violating coonfidence by mentioning this, since investing in KWG broadcasted their interest in Chromite. Communication also revealed FWR's good relationship with Cliffs as well. Plus Mac talked about this already at Hard Assest booths, so it's old news. But this isn't an FWR section. As I said before, it's a relationship business with us micros, and NOT's management has isolated themselves unlike US's attempt to open US foreign policies.
However, looking at Cliff's home site and their direction, you can see why FWR Chromite is lustable and how FWR would be more than enough to cover what they need. Yes, it's going to be a fun summer for FWR. NOT will benefit a little with FWR's rise, just not in multiples. And we all want out of this lame sub-dollar range.
There are not enough people involved in ROF where writing on this forum would up or down the stock price with multiples. That is the problem, ROF companies need to get the non-regulars involved, where the greed of investing in one one of our companies outways the risk. Anyone reading this post are already in the ROF pocket and is a regular.
It's consistent that when something negative is written, immediately objections put the writer in business motivated conspiracies. I would be fun to be paid though -although I would hit the leader boards if I were going to pay someone. I am motivated to get E1 moving again, because of all the companies, FNC has lowest 100 percent owned outstanding shares near E1. A find would bring the most multiples of all the ROF companies.
Like I said, NOT needs to find the goods to attract the majors. This is reinforced when talking to company reps/CEO's year and a half ago, they scoffed at ROF resentfully due to our potential. Now they at conferences laugh at ROF companies, with a "good luck with that, buddy" attitude even if there is truth in their scoffing.
We on the forum are just a minor side show that have zero impact to make NOT climb to multiples till NOT management makes new great discoveries. I'm positive on NOT, because FWR and NOT have the only cash to make a realistic drill plan. Just wish they'd stop burning cash all over the place before they've got a feasable deposit. I think they're drilling in the wrong places. I want them to stop swaying to the FWR's chromite potential and complete original mission-this includes Bullseye. Find the nickel before it becomes impossible to market NOT as a nickel deposit. If NOT becomes a mixed bag in ROF, without an identity to lure the boards of majors, and if FWR makes decent money in Chromite, and if I'm correct that NOT won't make much from Chromite, then that leaves NOT with squat. Nickel is our ticket to multiples, everything else, though valuable in feasable massive deposits, are a distraction from what will attract Majors.
Stock Greed