I am guess that Wyloo is using 70 cents / share as a means to present a monetary value that on paper is superior to that being offered by BHP; 55 cents / share. Even though they have clearly stated that Noront's net mineral wealth, as well the potential value of the Ring of Fire, of which they own 85% of, could in fact have a far greater value than their offer itself, or so it would appear. A comment that one would have to say would be to the detriment of their desire to buy Noront on the cheap. Similar to talking too much, being too honest, and then shooting yourself in the foot while trying to weasel a deal in your favour. Odd, but I am sure this serves their purpose.

No...Wyloo is doing just the opposite to promote their real superior offer. One that any company will have difficulty beating along with trying to achieve 50% of the company. 70 cents  just creates the superior offer, yes, but they know it is not superior by any means. Giocovazzi already said that by telling you they see great potential from owning  Noront, and expect immeasurable wealth out of the Ring of Fire. The 70 cents is just a means to break the Noront BOD out of their agreements with BHP, and allow Wyloo to talk directly to shareholders about the real superior offer, which is the continuation with the New Noront under Forrest.

What stumps me is that there is no mention of this option of continuation that Wyloo spoke of in this news wire. It must still exist, but is not pertinent to the bidding process....Yet. Only that from the superipr offer standpoint Wyloo's 70 cents / share is what is important...Not the offer of continuation under a new and improved Noront. Hence the reason for its exclusion from the offer. Again, even though this is really the superior offer that shareholders are probably for the most part willing to accept; max ROI.

Our BOD has an obligation to consider not only the money being offered upfront to buy the company, but also the company's true worth once the Ring of Fire opens up. That much only Wyloo is being truthful about. Because if they were being truth they would acknowledge the fact that a New Noront under Forrest offers far more value to shareholders than what these companies want to pay for Noront...Which has yet to come even close to Noront's true value, or even mentioned what our claims and the Ring of Fire in general could be worth...That much is still being ignored by our BOD, which I feel does not help shareholders obtain proper value for their shares...Wyloo, however, has at least hinted to Noront becoming their next success story, and that shareholders are included.

It's now time for our BOD to listen, and respond in the best interests of shareholders, which so far I believe they have NOT.

I am very eager to see the Wyloo offer well beyond the 70 cents...

TM.

TM.