Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

over 16 years ago

in response to sag4tag's message

I think all of you are bang on (exception is fully diluted shares is 135M I believe, if someone has other info, please post). So when we talk about DE1 being worth 12 to 14 dollars all by itself (this of course assumes we have a mine and if as an investor, you have not crossed that treshold yet, than this valuation should have an asteriks for you. I believe most of us here are past that point now and feel very strongly that there will be a mine)

So 12-14 dollars for DE1 alone. Now we have a hit at DE2. 2 out of 2 anomalies coming up with massive sulphides containing nickel. What are the odds the other anomalies with identical signatures within a 5km range, linked by deep conduits up to 500 m wide will not turn out to contain similar type mineralization? DE1 was one of the smallest anomalies out of the 8. But let us assume they are all the same size (because of geophysics) and grade (because potentially from same source) then you have 8*$13=$104 per share...Oops I forgot the conduits, the gold at Windfall and DE (see hole 27, 101M area) and the other projects...

Glorieux