Dilution and a long road ahead.

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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merjr

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Dilution and a long road ahead.

posted on Oct 28, 2021 07:52PM

These are some of the threats that Noront and BHP have been touting if we do not tender.

Firstly it is not a threat if we have been through worse already. Low share prices and long wait times.

Besides those that believe in the Ring know that averaging down on a lifetime of ore is not a bad thing.

Yes I would like to walk away with a pocket full of cash as well, But, offering us low-ball offers will not get it done.

I would prefer a takeover company to allow our participation in the success of this company.

The world needs the ore we have and will get it. Not by buying on the cheap but an offer we all could be proud to sell into.

I am happy to wait as time is on my side. I just wish that this stayed in Canadian hands.