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Northisle Copper and Gold Inc V.NCX

Alternate Symbol(s):  NTCPF

Northisle Copper and Gold Inc. is a sustainable mineral resource company. It owns the North Island Project, which is a copper and gold porphyry project in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by the Company stretching 50 kilometers (km) northwest from the now closed Island Copper Mine operated by BHP Billiton. The claim block includes two defined resources at Hushamu and Red Dog, and numerous additional copper and gold porphyry targets. The Hushamu Deposit is a high-level telescoped porphyry copper-gold- molybdenum system containing a significant rhenium content. The Pemberton Hills target is within a 6.5 km long by 1.5 km thick area of high-level, advanced argillic alteration within Mesozoic-age andesitic volcanic rocks in an early-stage exploration zone. The North Island Project includes several relatively untested targets, including Northwest Expo, Goodspeed and Macintosh.


TSXV:NCX - Post by User

Comment by 5woodon Apr 06, 2009 12:17pm
583 Views
Post# 15899597

RE: RE: hmm

RE: RE: hmmWould love to see a higher number but I think that ship has sailed.

My thoughts have always been that IPIC had too good a deal to not buy up the required number of shares well before the vote next week. Around 100% of the shares turned over in the first week after the announcement of the IPIC deal and although there were the hedge funds and others jumping in looking for another bid, the folks at IPIC had to be a large part of the buying volume during that first week. And they had to have purchased at least 10% before the bid in the weeks leading up to the announcement.

I would love to see what the true cost per share will be for IPIC for the Nova shares, wouldn't be surprised to see below $5 US with their pre announcement buying and the large volume after the announcement that was in the low to mid fives.

Sorry to see Nova taken over but good to see Jeff gone even if he gets all the money that he does not deserve...

5wood
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