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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Guess "THEIR" average shareprice

Noront Resources

over 15 years ago

Does anyone really know what the average sp of the hedgies et al would be?If they paid $5-$6 last year I would be fairly certain that they shorted it down below $1 thru auxillary trading accounts to bring their average way down.What were the new BOD's first options priced at? Then there's the most recent PPs.Weren't they @ $.80? Another round of shorting and the bottom line looks to be,JMO,about $.435.So while we may think that "their" average sp is somewhere between $5 and $.80 I'd be willing to bet that it's around $.50 It should be fairly easy for this gang to profit handsomely by turning NOT over,lock stock and barrel,to major interests for say,$2 per share.My numbers may be skewed,then again they may be bang on.This is JMO.Good luck to all.

cs.