Two NRs back to back.
Some say of no consequence, some beg to differ.
Tactics. Calculated.
NOT is putting into reality what they had modelled. They have more tonnage of Ni than most any other finds in Canada excluding a couple, throw in copper and REEs. Now Chrome.
Some have wondered why the deal with PRB...well maybe a good break away point for PRB and a set point for NOT??? Cliff's does need much of the ROF and the world steel market does. Cliff's has obviously shown that they are serious in the ROF and will get all they can.
The ROF will likely become one of the global leaders in supply of raw material for steel and it's alloys. Yes 61% of mined nickel goes to steel/alloy production.
Exploration vs. development? Despite the management, despite the inclination that NOT wants to be a mining company, nobody can refute the fact that the global mining companies will flex their strong arms to ensure they get the pot at the end of the rainbow.
What NOT is doing, has done, with PRB and their concentrated and calculated deliniation of Eagle's Nest and beyond, is ensure that the pot thay have will be a big one for the right buyer.
IMHO PRB will be the next to go off the Cliff...likley a 3 bagger and NOT will be on the edge of the Cliff until they have the whole damn nest calculated, inferred and ready for picking.
We will see value for our investment, in time.....there are many scenes to play out yet.
Things we can bank on are death, taxes and steel!
Cheers from the Middle East.
B.