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: I see the hired gunslingers

Noront Resources

almost 16 years ago

cash enough to drill for another 10 months

Noront Resources

almost 16 years ago

Noront has cash for another 10 months, burn-rate 3-4 million /month

I forsee next year around March would be very crucial..

a/ we may need to do another placement by that time

b/ sell some % to major players

c/ sell some assets like windfall

for a/ our shares price has to be increase quite substantially if we like to do the pp pricing same as last time,which is 4.00/shares and warrant 5.00...

sell some % or assets to majors,again we need to present more information such as 43 101..in order to justify a higher price..

This coming few months are very crucial and the world market is not to our favour. RN for sure realised the situation.