Re: The Noront statement

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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Hobbit

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Re: The Noront statement

in response to

The Noront statement

Jockfish

posted on Oct 28, 2021 08:12AM

Oh no! The sky is falling! Better tender, quick, quick, quick - I think NOT!

I expect Wyloo will announce their new bid exactly the same way they did the last two - via press release, and probably on a Friday or Monday. And if they are as cunning as I think they are, they will wait until next week so BHP has no choice but to extend the deadline.

As I said before, Wyloo's loan provision is set to cover the termination fee of a BHP offer up to $1.03. That suggests Wyloo is willing to go higher. I would think at least the $1.14 mentioned in the flawed Stifel report.