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: My Theory...

over 15 years ago

over 15 years ago

over 15 years ago

over 15 years ago

over 15 years ago

over 15 years ago

There's only one explination that makes sense to me as to why this has been done. We have been sold. A price has been agreed to in principle. There is no need for a new CEO to make the decision to continue the Agoracom relationship because there is no need for a new CEO. If this is the case, I don't see the sales price being any higher than $3/share in the current economic environment.

For the record, I am not happy about the Agoracom decision, nor would I be happy with $3/share. The company is worth so much more with addtional drilling and in the right economic environment.

I am just trying to find the most simple and rational explination for this irrational decision. The simplest explination is usually correct.

Thoughts?