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: Baosteel?

Noront Resources

over 12 years ago

in response to Sum4All's message

I think we have to remember also that this arrangement will also provide NOT with some much needed cash moving into their 2012-2013 fiscal year... They've said before that they have enough cash on hand to get them through to the end of this fiscal year, and after that, something else has to bite.

It's a double edged sword in my opinion... the longer NOT waits (out of necessity for movement in the SP, infrastructure news, FN agreements, assays), the more of the company they need to give up to Baosteel to ensure cash is on hand... without Baosteel though, the longer they wait, the easier prey they become for larger entities in the region.

I think the questions become... does NOT risk, in the belly of the whale that is Baosteel, letting too much get absorbed... can we expect further shifts of emphasis towards the Chromite in the land, and away from the Nickel?