"KING OF THE RING" (c) : Canada´s next major mining company with high-grade nickel-copper-platinum-palladium-rhodium,chromite, vanadium, and gold discoveries in the "Ring of Fire"
NI 43-101 Update: OVER 11M tonnes of Nickel ! 6.9M tonnes @ 2.04% Ni (ind.) + 4.3M tonnes @ 1.42% Ni (inf.)

Message: latest rumors

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Re: latest rumors (A-1)

posted on Nov 21, 09 12:50PM

Well Berta, NOT has 20 to 30 million tonnes of premium grade chromium. Once they get their nickel/copper/pge mine going and cash flow is positive, they can try a few test shipments and worm their way in. Being a member of the chrome consortium certainly helps. They could get to a couple million tonnes per year of chromite, make a tidy profit and not be a threat to present producers or a threat to saturate the chrome market causing price collapse. It is a delicate balance but NOT can do it if they play their cards right.

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