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: Re: Wes conversation
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Nov 22, 2012 08:03PM
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Nov 22, 2012 08:12PM

Pete:

"Was not real positive about this, but was clear that even if financing arranged in 2013 timelines for production remain ok." -Wes response to Cupcake question.

Great corroberation post: Semple vs Hanson (eg) " Wes stated that there were a “number of other companies” interested, and that Noront has a number of “irons in the fire”."

The pattern of using Olya as a moderator/witness seems in place along with Wes/Paul common use of status descriptors such as above 'irons in the fire eample". example.

Other comment:

I think "sales agreements" may include the JV financing options mentioned by Wes.

I think the new director would be the point man who briefs the ON Lib leadership candidates as well as ON,PC and Fed lead ministers...... "possible sources of financing".

Good post , Pete. Im loading up as much as I can. The original production timeline has not changed, and the nest is THE new low-cost Ni mine in the world, today.

The politicians will beat themselves up trying to take credit for the jobs that will be created,.... dukeing it out with McG's legacy credit-taking.

PS don't forget the (June/13 latest) apprx $11M from the BAO options. This provides money while waiting for the politicos to actually do something.

Peter

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Nov 23, 2012 08:42AM
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