The offer of a contiuation as a Wyloo/Noront shareholder is alluring though, because any incremental increases in the next one, two, or even multiple offers could pale in comparison to gains of being a shareholder in a company who owns controlling interest over the Ring....
Like Forrest said:
“After years of little progress, it’s understandable that shareholders have lost hope in Noront.
I’ve personally been in the same position before. Seventeen years ago, people told me Fortescue’s depositswould never be mined because there was no infrastructure to access our projects.
We proved those critics totally wrong and we want to do the same in the Ring of Fire.
If shareholders share my view, that it’s impossible to place a value today on a new mining district with the immense potential of these assets,
I invite them to hold on to their shares and come along for the ride.”
Dr. Andrew Forrest AO, Tattarang Chair