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: Presentation of todays luncheon

Noront Resources

over 15 years ago

in response to pinetree1's message

Hoov touched on something which REALLY annoys me.

"When he discussed the financial viability of production at Eagle 1 he assumed:

last October's metal spot prices "

This smacks of dishonesty because no responsible person would attempt to use a historically high price for calculating mineralization values. Not only is ever attaining this kind of pricing again in the next few years unlikely BUT one always uses a 5 year average to calculate values.Can't tell me he doesn't know what current metal prices are nor what projections are for the next year either.

Blowin Smoke in my opinion and will not impress potential investors as much as an honest and straightforward explaination of potential values would. It's the kind of comment which 'assumes' retail investors are chumps and will accept bullshit.