I apologize if this was posted before, but I was reading the Q&A on the NOT site about the offer for FWR and came across this one answer that peaked my interest. I've italisized the sentence that interested me most and made me think of what the NR will possibly include. Do you think it may have something to do with Eagle's Nest considering they now have "greater understanding and confidence" in the deposit.
JMHO
Jeeper
Q: Why did Noront announce its intention to make this offer now?
The first thing the new Noront management team did when it joined the group was to prepare a 100 day mission plan to ensure that the company was on the best possible footing to drive forward in its creation of shareholder value. Over the last few months, management has systematically implemented this plan, including assembling an experienced and competent team, focusing our drilling efforts, strengthening our First Nations’ relationships and closing our latest financing.
Additionally and critically, management has greater understanding of and confidence in the Eagle’s Nest deposit.
Due to the combination of these factors, Noront has the comfort to make this offer to Freewest’s shareholders and pursue unlocking the value of the chromite discoveries in the RoF.
We strongly believe that this transaction will add significant accretive value to Noront’s and Freewest’s shareholders.
