Noront Resources

In actual fact the valuation you put on this is very close to what Genuity and the market seem to place at this time. That is roughly $4 for DE1 and $1 for other properties PLUS between $1 and $2 for DE2.

Now DE1 deposit still has to be defined by resource calculations and I'd personally give it maybe 50% chance of being a bit bigger/richer than you use.

DE2 is the kicker because assays aren't in but in fact should increase the insitu value of DE1 as well as the dollar figure put currently on DE2. Say they are even 50% of DE1 numbers. Should increase valuation of DE1 from $4 to $6 and DE2 to $3, plus $1 for Windfall (yeah by fall we'll see perhaps light as to what the value of Windfall is and maybe more than $130million).  So in short term we could get assays to justify the $10 figure Nemis was toying with last year.

Seems to me to be a fairly safe bet to buy at prices under $7 for potential return of $10 within weeks not months. Higher valuation is going to depend upon proving up size/quality of DE2, DE3 etc.