SS76...
"you mention if...NOT were to stop everything........you can be sure that their loans will get called especially if RCF and Franco see evidence that nothing is being done."
Why do you think in Sept. 14, 2015 we got the 50 million dollar prospectus/ RCF loan extention to Dec. 31, 2016 combo package (found in Sedar MD&A)? Was this agreed to without's RCF's knowledge??
The way this multipassport 50 million dollar prospectus was set up (all provinces with the exception of Quebec)... hinted to me CCIB because Quebec has their own pension plan.
it was a clone of the one set up for Rubicon.
Rubicon got the 50 million from the Canadian penion plan investment board
http://www.rubiconminerals.com/News/News/Details/2015/Rubicon-Secures-US50-Million-Loan-Facility-with-CPPIB-Credit-Investments-Inc/default.aspx
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Then Trudeau got into power and things ...changed...
Noront started doing utem5 exploration and in Jan 2016 announced the RCF loan date set to June 30, 2016 and 14 days later cancelled the 50 million dollar prospectus.
We've had a poster suggesting..in order to keep the claims Noront had to do some exploration..
If you are doing exploration for this purpose only....why do such an expensive kind.
Round one of UTEM, followed by Round 2 of UTEM....followed by drilling.
How about making it cheaper....if this is only about, 'keeping up the claims?"
Why be looking at 2 areas?
Look at one ...poke a couple of holes and be done with it. Make it as cheap as possible to hold on to those claims....so you are diluting the share price at an absolute minimum.
