Canada Nickel Company Inc V.CNC

Why Noront?

[Rm90090]

If BHP has a deal with Tesla - why are they going after Noront as their North American Nickel supply? Why wouldn't they be looking to take over CNC which already has a much larger supply of Nickel? If BHP had made a significant offer to CNC already we would know about it due to rules of disclosure I Beleive.

In my mind CNC is a no brainer if companies Beleive in the future value of Nickel. I was expecting the largest sources of nickel to be targeted first.

[apapas1973]

That's the wrong way of thinking RM. You have to pick the low fruit first. Easy to grab. Bhp could spend a lot of wasted time trying to scoop up CNC at these low levels while others Buy out the smaller companies. They could end up with nothing if they don't try and make these easy acquisitions. They will never get CNC down here. Who's going to tender their shares with the expectations

[EndZonefor7]

Apapas is correct. Way too early for us and NOT has a feasibility study as well. BHP and others will come knocking when the project is more derisked and proven on the district scale CNC believes it to be. Majors don't have a problem paying more for way less risk.

[Rm90090]

I see what you guys are saying - but what is the risk with CNC at this stage? Is it that they may not actually have a district scale resource? The amount they are bidding for Noront is way more than the amount of nickel that they have. To me that says that they are potentially wanting to purchase now and finish the exploration of the ring of fire area themselves while they own it. They would

[caramba71]

It would be interesting to know how many acquisitions in the basic metal industry in the past 15-20 years were done where the acquired company was pre-FS stage AND the acquirer was a public company.  Probably a very low %.

[caramba71]

Should read 'base metal'