Re: The latest NR re: RCF, got me digging a little deeper..

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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JDR

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Re: The latest NR re: RCF, got me digging a little deeper..

in response to

Re: The latest NR re: RCF, got me digging a little deeper..

Fossil

posted on Mar 03, 2013 05:14PM

Thanks Fossil.

So considering Baosteel's most recent 2.5 million share purchase, I don't think they would sell for a loss.

Nor do I think they need a few million dollars profit on a buyout considering the profit they bring in.

Bao is not here for a quick buck. They are here for either minerals or possibly to be the one putting to buyout offer on the table, but I doubt that they would table a buyout for everything.

I think the possibility of a cheap buyout is next to nil. I wont speculate what exact price it would take to buyout Noront now, but what I do believe is that as we progress into the spring on onwards that figure will rise as the peices start to fall into place.