 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
NAR Resources on the Montreal Exchange (NRL) is a funding company for FALCONBRIDGE in Zimbabwe for the next three years. As such, it is a unique, potentially explosive, investment situation. The way things appear to be going with the company, NAR might also turn into a "retirement home" for ex-Falconbridge and ex-Texasgulf Sulphur executives associated with Kidd Creek, the world's largest volcanogenic copper-zinc-lead- gold mine located in Timmins, Ontario! Ex-FalcoNAR David Comba has already gone on the Board. Comba is an acknowledged expert in "Kidd Creek type" deposits and has a tremendous reputation. Low and behold, up pops Allen Amos as a nominee to the Board! Amos was the head exploration and mining geologist at Kidd Creek for fifteen years! When Falconbridge bought the property from Texasgulf Sulfur, they also bought Amos, who continued on with them. Falconbridge, currently into nickel exploration, apparently turned this highly prospective copper-zinc-silver play over to NAR for funding last August. Falconbridge, who is NAR's OPERATOR, made an initial discovery of a significant amount of VOLCANIC massive sulphides, verifying the property as a "Kidd Creek type" deposit. The current program is designed to answer just one question: "Is this another Kidd Creek?" Apparently, Comba and Amos are betting that it is. Rather than go back to work for Falconbridge, they obviously see that the real leverage in this the situation is with the well-funded, tightly-held and far less capitalized NAR. By doing some rough estimating of what this project could mean to NAR, it appears that every $1 increase in share price for Falconbridge could result in anywhere from a $6 (nickel) to a $20 (copper-zinc-silver) to a $40 (gold) per share increase in NAR, depending on what is found and how much of it there is. NAR has 40% of the copper-zinc-silver; 80% of the gold and 20% of the nickel that Falconbridge obviously prefers. There are 230 million shares of Falconbridge outstanding and only 8 million fully diluted shares of NAR. Are Comba and Amos "Kidd Creek freaks?" We don't think so! Their willingness to hop on this bandwagon may simply be: "well informed GREED!" IF Falconbridge trusted NAR to fund this, then NAR deserves everyone's immediate due diligence! Why? Because Falconbridge is drilling the VOLCANIC massive sulphides NOW! The best due diligence for small investors? Disregard all of what you have read here and simply call Falconbridge! Another source for information might be the analysts who cover Falconbridge. In any event, get an informed opinion prior to purchasing the stock. It might be worth your while! Pietro Manniello | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |