RE: strategyHi Oilwatcher and bullboard members
I think the overall market/steel industry would love to see them become the 4th major. The big 3 would perhaps not feel that way( I venturea guess that IOC is likely a bit frustrated that they gave this property up a few years ago to former employees.
The current management have the background/skills sets and contacts to make this happen and as the proven ore totals continue to rise(remember there is still a huge amount of property still to drill as well as additional claims still to follow up in other areas) the money will flow into this project in a variety of ways (joint ventures, alliances, cash for future product, etc). I like the comment made below by Robert in the last news release, "to benefit to the fullest extent" I would take to mean as becoming the next "major" rather than selling for a fraction of the future value.
Either way I'm happy... but I have patience to wait for the "7 course meal" so to speak rather than leave the restuarant having just sampled the "appetizers".
Just my opinion, but I don't think you will regret hanging on to your shares
brax21
Clip from April 13-2006 release...
Robert Martin, President and CEO of NML commented, “the LabMag Iron Ore Project,with over 3 billion tonnes of Measured Mineral Resources, is now confirmed to be a mega project development – one that we hope will benefit, to the fullest extent possible,
our shareholders, our northern aboriginal and non-aboriginal communities, our local and provincial governments and the Canadian people in general...