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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Again, they cannot force shareholders to tender until they get 90% of the total shares.  To do that, they would need to offer more.  I have said this before, but I think the price would have to be at $1.50 or higher to start getting close to that number.

And this project is worth far too much for them to settle with 51% ownership.  They would be fools not to try to buy it out completely.  And they aren't fools.

 

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