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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My Theory...

Noront Resources

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?