RE:Why Noront?
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 of such a huge potential land mass? This way BHP builds out their business and moves in for CNC when the time is right. They'll pay more but will be glad to do so once derisked and resource proven.