Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Re: Some Merger problems

Noront Resources

almost 15 years ago

in response to lethalgal's message

I think consolidation is a must too, but not yet. Mac said he wanted to keep companies separate: Noront as a nickel company and Freewest as a chromite company. That indicates to me that FWR has something up it's sleeve -another offer or another ore or a hell-of-a-lot more of the same ore. Either way, many of us own both FWR and NOT, (and if you don't you should), so it would benefit all of us if both BOD's were motivated to find more ore before relying on the other for leverage to negotiate with Majors. So let us encourage them to do their job and find the ore -increasing SP until finally both Wes and Mac can join and really negotiate for a buy out.

Noront needs to find how deep and wide Enest is and FWR needs to see if their massive amounts of Chromite is what they have to sell or if they have nickel as well.