All just speculation on my part:
Noront gets new information about deep drilling around Eagle´s Nest (Squid).
Probe is expecting NI 43-101 on Black Creek Chromite.
Both agree on the best way forward regarding possible take over attempts.
Solution:
NOT gets 100% control over important claims around Eagle´s Nest and their Thunderbird Vanadium deposit to complete their land position.
PRB gets 100% control over the Chromite.
I think, both JV partners have been approached by Cliffs already, and this is their short term reaction to deal with any move in a "better way".
Because it´s always difficult to negotiate in a 3-way-deal (if JV claims are involved in a possible take-over).
So, if Cliff wants more Chromite, deal with 100% PRB Claims, if Cliffs wants Nickel as well, deal with 100% NOT claims.
I also think, that the Chromite claims are the main reason, because Probe awaits the NI 43-101 any day now and Probe has just recently started JV´s on two new gold properties (which was quite strange, because their main focus was the McFauld´s region, so why would I start other JV´s if those wouldn´t be my main focus, unless I will sell my main focus to somebody else ?)
A lot of things going on behind closed doors, but today´s NR is a clear statement to me, that something "bigger" is about to happen shortly in the Ring of Fire !
FANTOMAS
