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: Who - badboybill

Noront Resources

almost 16 years ago

I was thinking a short time ago about the numerous posters on the forum who were complaining that Noront was not releasing information in a quick enough manner. At the time, my personal belief was that management did not want to tip their hand so to speak and allow any "non friendly" entity more ammunition to take a shot at NOT.

With our higher valuations, the risk/reward relationship for anybody accumulating on the open market without being privy to all the "confidential" information was in our favor.

At our current S/P, I am not so sure that this holds true. In order for any entity to purchase 10% of our company on the open market at the prevailing S/P would cost them a paultry $13MM. I suspect that this is a risk that some flushed up major just might be prepared to take, unfortunately for us.

Having said that, I am not so sure how our board could be playing ball differently in this climate?

Cheers,

Milsy1