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: Mining Watch - a must read!

Noront Resources

over 13 years ago

in response to rapidrob's message

"So the chances of a second round strategic development by Xstrata are slim to none except thgrough a $20 billion plus takeover of CLF."

Not so fast, RR.

Why would they have to take out CLF. I refer to the fact that CLF's holdings in the ROF are through wholly owned subsidiaries, FWR,SPQ, and to a lesser degree KWG. A decision to throw these assets into a pot, have someone else take out NOT, and agree to spend a billion on infrastructure, in return for 50% or so of that pot, is feasible.

One thing for sure, if and when whomever does proceed with development of the area, they will have control of the nickel, as well as the chrome, and likely the copper as well.

Best regards