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: Smells fishy

Yep something smells alright.  I think Wyloo basically snubbed BHP and now BHP knows that they will not be able to get the 50% majority at 0.75 so pushing out the date to get retail to sweat a little.  Weak market is not helping either.  I also don't think Wyloo is going to sweeten the pot, so we wait and see what happens in the new year.

 

 

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