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: So is K right?

If this thing going to go down quickly. Are they moving after more shares before Baosteel gets a chance to pick up their 19% or more. My guess is that if someone comes after us for pennies the rights plan will kick in and NOT could open up the shares store for all of us and Baosteel to pick up more shares.....but then would some of those picking up shares be the agents of whoever is trying to take us out thereby snipping our advantage? I suspect if someone is going to take a run at us it's because they've been at this a long time and figure they have a good chance at it. Wildcard will be if other suitors come into the action offering a better deal and, as I've said before, we'll need them if we're going to get any real ROI.

Now how about something else? In the past some posters put forth that the FWR takeout was staged and NOT never intended to win but just to force the game. Could we be in for a similar situation. I mean NOT had to figure they never stood a chance against CLF. We'll know better when we see who comes out of the background. Now if Xstrata or the like come out of the dark that would be a serious entity that would pretty much put CLF out of biz in the ROF. Now hold the phones folks. Xstrata only mines Cr as a byproduct of the Platinum goodies and when they were first sniffing around NOT it was for Ni. and the other highgrade goodies NOT had found. Now I've gotta wonder...after all of this Cr. stuff, how come nobody is reporting any PGE goodies? Is it that they're not there? C'mooooooon. I don't think so Tim. We already have it around the Eagles and now we have Cr within a spit of the Eagles. Do ya think that maybe we've got a virtual standalone PGE mine waiting in the background. Said it before and I'll say it again, sorry Ed, there will be some serious serious cash coming from the PGE's on NOT's site along with some lovely Ni. I could be full of mushrooms, but I'm still waiting for NOT to pop out with an N.R. that says: "Golly kids....look what we done gone and found......weez rich now!"

We wait to see!

11
Apr 01, 2012 08:32AM
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