China's pricing plays, and their short term effects, should be considered, and accounted for, as inconciquential to the overall future demand of the metals Noront posssess. I, for one, do not want to see a knee jerk valuation done of our company at a time where China just happens to be putting pressure on the true value of base metal commodities. This obvious temporary manipulation by China must be factored in to any valuation of our of our assets, should Noront be forced into a formal offer by Wyloo. The skeptic side of me says that Wyloo will try to use this false state in commodity pricing to their advantage...How convenient. Thanks Forrest, and not to forget, Chinese friends.

This is no different than how RCF used to conveniently use RBC and TD to bring down our stock just before our quarterly debt payments to them, just so them could get more stock out of us. Gee...Then Wyloo stepped in, after what appeared to be their proxy stepping out....Guess they finished doing their job for Forrest.

In other words...Alan...Prove to your shareholders you have their best interests in mind if this formal offer should come. Do not devalue us just because Noront's assets happen to be at the mercy of China's attempt to control the market, or, as I have suggested, as they perform favours. I am hoping your past Australian associations have not just planted you here in Canada, or should I say, in Noront, the same way as RCF...Sorry, the dots just seem so close that they want to connect themselves. Go figure....Sing it..."Oh Canada....We stand on guard for thee..."

Ivan is onto something here though...

TM.

https://seekingalpha.com/amp/news/3708968-chinas-efforts-to-curb-metal-prices-cant-work-for-long-glencore-ceo-says

 

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China's attempts to cool surging metals prices is a "short term game" that ultimately will not materially affect price levels, which will stay strong because of underlying supply and demand fundamentals, Glencore (OTCPK:GLCNF, OTCPK:GLNCY) CEO Ivan Glasenberg says.

The government said last week it would index prices of key goods including steel, iron ore and other metals; will monitor steel and iron ore companies following alleged price collusion; and has started to auction copper, aluminum, zinc and iron ore from its strategic stocks.

China "can do this for a while but eventually they'll need to restock the strategic stockpiles, they can't keep it at these low levels, so it's a short-term phase," Glasenberg told the Qatar Economic Forum today.

"Demand for commodities will remain strong for a long time yet," Glasenberg said, noting many governments including the U.S. have increased infrastructure spending in a COVID-19 recovery push, at the same time that supply remains tight.

Copper is one example: Glasenberg said copper supplies must increase by 1M metric tons per year until 2050 to meet an expected demand of 60M tons.

The nickel and cobalt markets are facing similar supply deficits over the next few decades, the Glencore boss said.

ETFs: COPX, CPER, DBB, JJCTF, JJC, JJN, JJM

Copper prices touched an all-time record peak of $10,747.50/ton last month.