BHP buys noront resources, page-22

I think AF will flip Noront for $40M gain like with AGO.
I cant see that as a LT hold, 2% average grades, 15ktpa production & $800M capex no mill no mine decline!
Whereas with POS he blocked BMM bid & wanted 51% holding being 100% underwritten share issue total in 2018.

"The Noront board has recommended shareholders accept BHP’s cash offer of C55¢ (59.4¢ a share which represents a 129 per cent premium to Noront’s last closing price before Wyloo launched its takeover bid in May.. Noront were their 2012 Feasibility numbers of US$609M Capex for a Nickel/Copper/PGE/Gold processing plant.
Average Production – 150,000 dry t/a of concentrating containing: – 15,500 t of nickel"

129% to 14c is 32c ps not far off 36c party.

If we keep seeing this volume accumulation & high volume daily over 40M and the SP rising in step ups like this, it may be a suitor onboard or AF averaging up.

Noront v Poseidon
projected production - 15.5ktpa v 11ktpa - 44ktpa
grades - 2.0% v 9.1% 5.1% 5.5% 4.1% at SS GS EA AR
mills - oMTpa v 2 massive 3.7MTpa
staff camps/airstrips - 0 camps 0 airstrips v 550 person 3 camps/3 airstrips
capex - $830M v $32M
MC $280M v $400M

Why spend $830M plus $280M for a stranded expensive hole in the ground in Canada, its all right here sitting on a plate $32M low capex. Each $1 capex spent here will bring way more 30 x ROI imho.

If thats a Ring of Fire, then BS is a Ring of Super Nitro!
And GS is a Super Nova.