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: Great NEWS

Noront Resources

about 15 years ago

in response to stranger's message

Great news actually requires some information on those 'step out' holes. I'll agree that Hole 49 results more than satisfy and justify the high interest in Noront and increasing share price lately.

Of course the new investors want to see how big the deposit is likely to be but assay results from hole 49 where never meant to give much indication of potential size. That is what the step out holes are for and that is information we just have to wait for.

Now investors know that Hole 49 is the real thing and huge interceptions of nickel along with valuable PGM's. Hard to imagine these investors now running for the hills because they don't know the size yet.

If there is confusion about what yesterdays news release really indicates then at worst some smart investors get a chance to add to their position more cheaply for a day or two until the implications 'sink in'.