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.)

almost 16 years ago

in response to Dutchmen's message

Why sell at $4.00?

First, I don't believe Rosseau will be able to drive the price up any faster than NORONT. I am not sure why people are making this assumption. But should the price increase hedge funds will be under great pressure to sell.

Hedge funds have a continuing need to raise cash to pay off their investors who are demanding cash. They are not is a position to be patient.