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Re: LGL8054 post# 10

Wednesday, 02/01/2012 5:53:53 PM

Wednesday, February 01, 2012 5:53:53 PM

Post# of 66
Original company. NNMIF had a joint vennture w Canadian Royalties Inc., which was purchased by Jilin Jien:

...property was purchased by Jilin Jien Nickel, a Chinese company for $148.5 million. The Globe and Mail reported on this hostile takeover in August 2009 when the story first broke. Located not far south of the producing Reglan nickel mine in Ungava in Quebec's far north, Nunavik is another undeveloped nickel property with a measured and indicated resource of 5.2 million tonnes grading 0.93% nickel (or about 0.05 million tonnes of nickel)."


I think worst case we still own 10%... maybe 30%! Good lotto play IMO!

http://www.canadianroyalties.com/

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