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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Re: NEWS - Noront Update and Flow-Through Financing
Noront Resources
almost 16 years ago
36
in response to AGORACOM's message

Unnecessary dilution ... and a large movement in the balance of power.

Geez!!!

Is there any other reason why we would need $20 million now with $25 million in the bank and a burn rate of $20 million a year?

Especially when our SP is so low and there could be no worse time to beg for cash

I feel like an idiot ... but I don't understand why we need to go to the market for cash other than my opening statement. But then I am retail dirt

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