Noront Resources

Seams the market has oversold NOT... In my opinion trading at half of the insitu value for DE1 alone.

My rough calc is 5 MM tones of $1,500/ tone ore worth about 7.5 billion.... if we take 10% value for this...( which is very low considering, grade, open pit, in Canada, no country risk) Even that would imply about 750 million market cap or about $5.50/share

Then we add in the other projects for at least $1.50 of value and I think $7.00 should be about the price right now with no other blue sky potential.

The market is the ultimate pesimest or optomist..... right now we are seeing the pesimistic side of the investor. That can change in a heartbeat.... lets hope that DE1 continues at depth and runs onto FNC...... and that PRB drills some ni/ cu/ co minerization to the north... then we will see the optomistic side return.

On must have patience in jr exporation stocks.... and avoid being tormented by the mode swings of the market.