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: Ring of Fire bidders BHP, Wyloo require more talk time
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I think that the timeline stretching out is good news for us. I think that the talk is for how much MORE than the 0.75 Wyloo will sell for. And they also need to know that retail will also accept this price, at least enough to get 90% at which point they can force the last 10% to submit.. :) 

 

What that price will be is up in the air right now. This is of course subject to Wyloo not wanting a JV. 

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