Just imagine if we were looking at NOT for the first time. we know commodities are beaten down but just look at this resume of the company:
45M in the bank: Most important feature in this current market turmoil
Eagle 1: A proven asset worth about 3$ per share once prices return to a normal level which we know they will. We just do not know when but I am willing to wait
Blackbirds: Guesstimate puts these resources at 30B dollars worth however this is a new industry to North America and lots of unknown here but the potential is tremendous.
Another massive sulfide hit under Eagle 1. 15.1 meters long of copper/nickel under a very high grade proven deposit. This may turn out to be the next big discovery since the Ovoid at Voisy Bay.
Management: Vast experience and connected with many different strengths already on the board-On a search for a new CEO, assume this will be a big name in the mining industry and will give Noront instant credibility.
1600 sq km of vast lands around the RFI to explore and give us plenty of blue sky
JV's will be drilling alot of land and we control how any resources are developed and we will own 50% of them.
A share price that currently is represented with 50% of it (or close to it) in cash and a proven asset that will quickly bring our SP up once comodities resume normal pricing
Performance based options for the BoD which means they cannot exercices them till we see $2.00 minimum or about a 200% return on investment. Sounds like the BoD will be wanting to get our SP up in a hurry if they want to make any money!
From this share price, this is a great investment. Let's concentrate on this stuff and we will be on our way to better days ahead.
Have a great weekend everyone!
Glorieux
