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: What's up?

What is this worth?

Let's add up what was spent...for starters.  Over 100 million on exploration ..by Noront alone...financed at a much higher share price than where we are now...as well as exploration $$ spent by BMK, KWG, UC, FNC. PRB and others.

Cliffs bought FWR for $270 million...four claim blocks of chrome....then they bought SPQ for another $125 million (for a 1/3 interest in some chrome and copper deposits)...and at the same time bid about the same for KWG (that didn't go through)...which Noront now owns for $26 million.

We have a government that's willing to put $1 Billion on the table to move this forward.

It's been compared to the Oil Sands and to the Sudbury district and to Voiseys Bay

It's gotten the attention of all levels of Government, which have described the ROF as a once in a generation type find.

I've witnessed other deals for projects that don't get anywhere near this level of attention go for 1/2 Billion +

So...as is...right now....with no formal deal..yet....and still depressed nickel prices and all....$300 - $500 million.

Once a deal is reached with the concerned natives and we get the go ahead on the road (hopfully within weeks...not months)....$1 1/2 - $3 Billion

Take out price once de-risked....$5 Billion +

Which is a far cry from where we are now

My opinion of course.

 

 

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