I found the notes that I took on a hotel notepad when attending the June 2017 AGM in Toronto… Here they are…
- Coutts cheers to Martens Falls Chief, MF is newest SH
- Noront been able to consolidate the RoF, 80% belong to Noront, sole or trough JVs
- Ring = Sudbury scale Project
- Noront on the edge of a once in lifetime dev
- Lucky to us: recalls Noranda, Falconbridge
- Development expected: first Eagle Nest, next Blackbird
- EN potential 100 to 150 Tons per yesr, payback in 2 years+
- Expected Capital costs = 700MM$
- No open pit envisioned
- Money available… Capital, loans
- Chromite+ Nickel++
- Nickel first to be mined
- +++ : US, smelters, TB, Timmins, Sault, Sudbury
Etc…
Hey: 80% of the the RoF claims!!! Wow!
Lots of nickel and chromite proven in the ground and much more to discover
And the Battery-oriented transportation future that is showing in the horizon...
Who’s gonna get the golden goose????
BHP must get their 51+ ASAP before another fox smells the royal feast!!!
Conclusion: I will stick to my old shares more than ever, hoping for that hidden fox to show round midnight…
GLTA