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)

Free
Message: 10 cents more by Cliff's not enough to justify tendering to them
Reply New Message
Prev Message Back To Forum Threaded View Next Message

10 cents more by Cliff's not enough to justify tendering to them

posted on Dec 10, 2009 07:56AM

and losing all the tremendous upside potential of the Ring of Fire. The results this morning from NOT are good but I would of liked better of course. However, we are no where near done finding mineralization down there at Eagle's nest and along the RFI where we own the majority of very prospective land. The other thing is that if we do win over 30% of this (my bet is for 39%) we will be in control of FWR and command a consolidation premium. I think that even with the dilution that 100M shares will add, we will have a higher SP based on consolidating the RoF and adding 60M tons of chromite.

Very interesting times,

Glorieux

23 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply