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: Nice Move, almost 35%... Well K.....

Noront Resources

almost 13 years ago

in response to Sum4All's message

Two points you mention, Sum, that should be elaborated;

"If NOT is indeed smack dab in the middle of the greatest find of the century".

This is a totally inside /out situation. I have seen past history, where someone holds a small position right in the middle of a big find, and can hold up the developer because of it. In CLF's case they are planning to develop a small holding right in the center of NOT's land position. There have to be ramnifiations there.

"Some might say, what of Boasteel?".

If there is a takeout coming, we should hope it is not Baosteel. If this someone else starts a bidding war, Baosteel always has the right of first refusal to fall back on, and that can only line our pockets a bit more.

Best regards