HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Essar Steel Algoma says it has a buyer

Thanks for the question:
Because as soon as a road, or be it rail, is built OR a bit later when our nickel ore mine is built (within weeks of start of production), those are the times that I suspect we are likely to be bought out.

And I am against that because in either of those two times we would not reach maximum valuation for our shares. If anything, if it is just after the road we would only reach a fraction of our potential.

Just think of yourself buying Noront with some of the other companies of the Ring of Fire. Would you wait until their share prices are high or worse at maximum. Obviously not. You would buy when you thought profit potential is best for you and not for former share holders, meaning us.

I think we have best chance of maximizing our value by our selves. Ed.

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