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.)
in response to Sensation's message

Let's say that Sprott etal bought 100,000 shares @ 4.50

Total cost $450,000

Now they buy 400,000 share @ 50 cents

New money $200,000

They now have 500,000 shares for total cost of $650,000

Their average cost is now $1.30 per share, not $4.50

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tcasey87
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Noront Resources
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TSX-V
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326,029,076 As of Jan 17, 2017
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