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.)
This is actually a long-expected runup from a TA point of view. MACD has been showing positive divergence for months in daily chart. In the weekly chart, after this week, a building Golden Cross (strong BUY signal - see the red circle in the figure below) will definitely draw everyone's attention in the long run.
SP briefly touched $0.63 (Bollinger upper band) and closed at $0.56 - very strong. It should adjust itself in the next several days. In my opinion, as long as it stays above EMA(10), another Golden Cross (EMA 10 crossing 20) will be in the horizon any time soon .
Looking forward to coswil's opinion.
Hold with confidence, still.
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yangzhh
City
Vancouver
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President
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5239
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Date Joined
09/04/2007
Noront Resources
Symbol
NOT
Exchange
TSX-V
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326,029,076 As of Jan 17, 2017
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Metals & Minerals
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