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 Fossil's message

Thanks Fossil.

So considering Baosteel's most recent 2.5 million share purchase, I don't think they would sell for a loss.

Nor do I think they need a few million dollars profit on a buyout considering the profit they bring in.

Bao is not here for a quick buck. They are here for either minerals or possibly to be the one putting to buyout offer on the table, but I doubt that they would table a buyout for everything.

I think the possibility of a cheap buyout is next to nil. I wont speculate what exact price it would take to buyout Noront now, but what I do believe is that as we progress into the spring on onwards that figure will rise as the peices start to fall into place.

JDR