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: Why I invested in NOT

Can you do that (change your name)?

FWR fluked on such a huge find and let it go so cheaply. They had multiples of insitu value that NOT has to date .. just "worthless" chromite. A recent estimate I saw said a 150 year supply for N.America. I understand that most of the insitu chromite is actually worthless on a discounted NPV basis (since it wont be mined until 50yr +) but I was still disappointed with the price that we got.

I'd also like to say that just before the offer was announced FWR took a boring drip, drip, drip route down then back up to its typical .25 or so level. It seemed like nothing was happening and I reduced my holdings. A week later the announcement came and I was lucky enough to get back in before the counter offer.

Share
New Message
Please login to post a reply