Re:poly... Great list now how many will be winners
in response to
by
posted on
Feb 02, 2008 03:35PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
Totally agree it could change almost overnight but the odds are, to my mind, slim.
Of course it's still early days and Noront has a lot of work to prove up enough of a mineralized complex to bring in a heavy hitter who'll take over the reins.
When the big guy buys in the game will change for everybody. Given the locatioin and expense of putting necessary infrastructure in place they may only be room for one big mining company. Who ever buys in first could very well be in control. They might even pay a hefty premiium to take charge.
Noront at this point is close to being the key to the area, if they have close to enough ore then they will be purchased.
OK now what happens to the other exploration companies sitting on an economic ore body. Do they get top dollar or can the 'BOSS' tell them what they will get, take it or leaveit? Scary thought.