Agoracom: Small Cap Investment - Noront Resources

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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Cliffs selling assets

greasemonkies

Sep 03, 2014 01:56PM

Re: Cliffs selling assets

fahrenheit451

Sep 03, 2014 02:24PM

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Re: Cliffs selling assets

in response to

Re: Cliffs selling assets

fahrenheit451

posted on Sep 03, 2014 02:57PM

Unless CLFs is willing to diversify, I personally see their Chromite assets in the ring coming up for sale by late 2014, or early 2015. Their planned open pit for Black Thor will be a hard sell to both the FN and the environmentalists, so getting rid of this Canadian monkey on their back is probably in the works. Not to mention all the trouble with road vs rail, KWG, Casablanca... as it has been said before Chromite is year(s) away so I am of the opinion that they will be selling soon enough. No doubt around the time Noront gets their EA approved for Eagle's nest.

Here's to hoping that Noront is first in line to buy their ROF assets, since it seems Baosteel is already in the market for buying some of what CLFs is unloading.