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 glorieux's message

My interpretation of "equity" is an issuance of additional shares in NOT. This could be in the form of a PP or an offering done with a prospectus, through an investment dealer/broker, which would presumably be open to the general public to participate in.

On the other hand, perhaps a convertible debenture. Either way, dilution will eventually take place. 100% financing through a conventional bank "loan" is, in my opinion, not a viable option. Maybe a combination of the above. Who knows? Factor these possibilities into a DCF analysis, and see what happens to the NPV/share value.

geoprof