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.)

over 11 years ago

in response to Stratopod's message

Ken (you've heard this from me before)

I think your right on, but not "forces Baosteel"

More like a carefully choeographed plan between BAO/RCF/NOT management to convince/demonstrate in a tangible way that the NOT (FS) plan is still here, very active, has industry funding capabilities (remember the Tor/Ott lobbyists were hired; and Milestone actions to come)'and now they have funds ($15M) to keep things going untill the Permits are granted (expected in Aug/Sept.). This gives Feds and to a lesser extent ONT ministers the ammo to resond with infastructure funding/FN support initiatives.

As part of this coordinated comunications plan I think Baosteel will exercise the warrants and the Feds will coordinate with Ontario PCs in the coming Ontario spring election.

My opinion only.

Peter