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: Wyloo is not out

I agree with you in that I don't have a lot of expectation that there will be a third bidder.

However, if one did exist, they could still try to buy up a lot of shares, because owning 63% of an entire mining district is better than not being part of it.  It would just be very difficult for them to take Noront over entirely, unless they could create a new company (with the consent of Wyloo) that would allow Wyloo to reap the full benefits of their 37% in the future.  The waters are murky there.

 

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