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.)

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Rosedale???

Noront Resources

almost 16 years ago

in response to Rosedale's message

Rosedale - Just trying to figure out what you think the best course of action for Noront is when it comes to drilling?

I agree Windfall needs to be shut off. At least for a few years.

We have $29MM in the bank - it seems like the more we prove up the Chromite - the more uncertainty we can remove from the market the higher our share price should be? Before we have to go back to market. Yet you are saying we need to go back to Market asap? Trying to figure out why we don't have 4-6 months of time

Are you thinking of issueing more then 20MM shares? At current prices that would only raise $18MM?

Do you agree with Warren Irwin in that our burn rate was too high to be sustainable.

Just trying to see your vision of the plan.

I know you are a solid businessman - so I am eager to get your impression.