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: Cliffs Flying

Noront Resources

over 14 years ago

in response to CommoditiesBull's message

So, CLF has one issue it has to think about in The RoF. If it does not take out NOT eventually or within a reasonable period of time , and NOT has a compelling Nickel resource, it will invite another major to gain huge critical mass and influence in both Cr and with other RoF players. So, in my thinking, one avenue is for NOT to attempt to JV with another major once the deep drilling is done. That would force CLF, who has lots of money and is not afraid of greenfields, to seriously look at some sort of deal with NOT. Perhaps that will come once the current deep drilling provides more certainty to the initial resource.