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Northern Superior Resources Inc V.SUP

Alternate Symbol(s):  NSUPF

Metals & Mining Gold
Northern Superior Resources Inc. is a Canada-based gold exploration company focused on the Chibougamau Camp in Quebec, Canada. The Company has consolidated the land package in the region, with total land holdings exceeding 62,000 hectares (ha). The main properties include Philibert, Lac Surprise, Chevrier and Croteau. It also owns 72% of ONGold Resources Ltd., which is advancing exploration assets in Northern Ontario, including the district scale TPK Project. The Philibert Project is located 9 kilometers (km) from IAMGOLD Corporation’s Nelligan Gold project. It holds a majority stake of 75% in the Philibert Project, with the remaining 25% owned by Mines Royales and Soquem Inc., and retains an option to acquire the full 100% ownership of the project. Chevrier hosts an inferred mineral resource of 652,000 ounces Au and an indicated mineral resource of 260,000 ounces Au. Croteau hosts an inferred mineral resource of 640,000 ounces Au. Lac Surprise hosts the Falcon Zone Discovery.


TSXV:SUP - Post by User

Northern Superior Resources Inc
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Post by massivemeltdownon Dec 13, 2010 9:14pm
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Post# 17841309

Surprised...

Surprised...they halted for assays.  I don't see why RR will continue to drill up a resource for SUP when it will be cheaper to buy them outright before it becomes more expensive by their own doing.  LSG will have a difficult time monetizing their position without impacting the share price so I suspect they would entertain a reasonable offer even with a paper deal.  Let's say 1.30 or 1/10th of a RR share for every SUP share....buyout imo is the future for SUP.  jmo and do your DD. glta.
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