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 AGORACOM's message

Unfortunately this report will not move our share price. It's really nice information to have and will help as additional resources are proved up and added to the baseline. Maybe in a good instead of terrible market it would have polished our image.

Now it does reinforce the fact that Noront is sitting on value in the 'ROF' . It just doesn't support the kind of share price most of us feel Noront should attain.

FNC's nickel indications and massive Chromite from FWR likely to boost our share price in the short term. Of course Noront themselves haven't slowed down their drilling and more results which could completely change this analysis could be coming.

Good starting point and my bet is that the bottom number keeps getting bigger.