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

Why cash up now?

Noront Resources

almost 16 years ago

in response to quackaphobe's message

Seams that no company can provide any drilling or financial results that provide strength in the market.... So why not slow things down for a few months till things settle down.... and if so finance at much higher price.... It is premature to blow the large cash position at this time.... only to replace it with major dilution... This placement is self serving for the new managment.... and unnecessry in this economic environment.

prudent move is to give the camp and crews a couple months off and take a fresh look at things in the new year... Sometimes the prudent move is to do nothing!