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: Australia’s Wyloo Metals hopes to have Ring of Fire nickel mine, access road by 2026

One thing that has not been explained to me is, why was BHP owed any money at all? They tried to acquire Noront and failed. They are getting paid for failing. Why did the BOD agree to provide BHP with a fee for failing?

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