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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Sorry guys, but I agree with Floorman

Noront Resources

about 16 years ago

Who wants all this Chrome stuff?

No one is interested in the Chrome. So, here is what I suggest.......

..............let's prove up the value of said Chrome to, oh let's say a value of about 50 Billion. (we are not quite there yet, but is there anyone out there, that thinks we won't find more of the pesky stuff)

Then, because we don't like the stuff (the Chrome), let's auction it off quickly, just to get rid of it, as follows:

50 Billion x 20% insitu value(to get rid of it fast) = $10 billion divided by 130 million shares = $76 per share.

Then Noront could pay out a special dividend to shareholders of say $50.00 a share, and retain $26.00 per share, or 3.38 billion to buy up the entire Ring of Fire, and continue looking for Nickel, Copper, and PGEs.

Sound like a plan, Floorman?

Holding with now proven, justifiable confidence, ....Canseco