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

Re: The price of nickel has risen nearly 50% in 6 days

Noront Resources

almost 16 years ago

in response to imaviking's message

To put this into perspective... from this point forward ever $1.00 gain in the price of Nickel should translate into $92MM in market captialization or $.70 per share value for Noront.

I calculated this by taking the difference betweent he Noront Scope Study and the Genuity Report. I agree the line is not as flat as I designed it, so it could be more like $80MM for the first $1.00 and as you get closer to $10lbs nickel more like $110MM. But $92MM is the average and close enough....

Keep rising Nickel... I expect we will be back to $7.50lbs for nickel in the next 6 months (Nickel will not be mined at values less then this!). This will double our market capitalization alone.

If you live in the US please vote for McCain - we need as many nuke plants being built as possible to get that nickel price up... although this is not a political endorsement.... Although I think Barack will tax the crap out of our gas - so the Nickel used in makeing hybrid batteries might offset?