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: To drill or to mine .
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Aug 22, 2009 07:01AM
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Aug 22, 2009 09:18AM

I just have to disagree about partnering with a major being good for the share price. Let's say the major puts up the money for rights to half the ore (i.e. a fifty/fifty joint venture). There might be a pop when the deal is first anounced but then (imo) the share price will languish for years as they go through environmental studies, planning for construction, eventual construction, start-up, etc., etc. In the meantime there would probably also be a couple of panic sell-offs. A long ways down the road there may be some dividends and a long ways down the road the major may buy out the other half. I expect I will have cashed in my chips (one way or another) by the time that all comes to pass. What we need (imo) is a straight-out purchase of the orebodies (a la Voisey's Bay) for an equitable price and an equitable payout to all shareholders - the sooner the better. I could think of at least one good example where a major partnered with smaller company (50/50 joint venture) and where the share price has now been in the doldrums for a long time. I'd mention the name but the post would probably get deleted.

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Aug 22, 2009 11:23AM
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Aug 22, 2009 12:33PM
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Aug 22, 2009 02:37PM
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Aug 22, 2009 09:29PM
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