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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Message: How stupid are all the ring cogs?

Missing from both BHP and Wyloo offers/proposals is an equity share for FNs.  We all know this is a non-negotiable item for moving ahead with any ROF development.

Attawapiskat in a nutshell is an even larger problem with any ROF development that FNs need to resolve themselves and speak/negotiate with one voice. Seems to me this potential roadblacks deterred companies from "coming to the table" and results in only a BHP or Wyloo, who have massive financial resources, are prepared to use and be patient betting eventually the prospect of getting something done is worth the risk.  This reality would also be factored in to the price they are wlling to pay..... 

"Attawapiskat First Nation seeks court injunction against Ring of Fire exploration

The proposed exploration sites are hundreds of kilometres from the community's reserve near James Bay, but are in Attawapiskat's traditional territory.

The area in question is much closer to Webequie First Nation, which has reached a memorandum of understanding with Juno. " 

 

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