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.)

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Re: Warren Buffet quote for NOT holders

Noront Resources

about 16 years ago

in response to bravekind's message

I am grateful for the opportunity and bought more for $2.20. It looked like some kind of capitulation to me and capitulation can be a good time to buy. The volume and price drop together told me. Actually now I think it was a combination of capitulation and margin calls. It certainly had nothing to do with NOT's value. At 2.20 the share price is well below tangible value let alone intangible value (i.e. blue sky). Thanks to the sellers.