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: All's Fair in Business?

Noront Resources

almost 15 years ago

in response to sambone's message

I believe Mac sniffed out NOT's intent a LONG time ago, and that is why I believe he had CLF firmly involved in the first place. That is the only way he could prevent NOT from trying to squeeze it out for 10% of what its worth. Why did NOT not try to deal with FWR much earlier on a 4/1 basis ? They likely thought they would get it for a lot less through market squeezes on FWR until they realized CLF had deep pockets and perhaps others were not going away. Now we have a real contest which will not harm NOT valuation much in the long term but means they have to share the road short term with FWR. Consolidation at this point as a rationalization for a hostile bid ? Think about it. Yes, business as usual, yes, but the smart money does not get fooled that easily.