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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plugging leaks

Noront Resources

about 15 years ago

in response to Stratopod's message

Plugging the leaks to retail, IMO, was a participation requirement by the Investment Houses so that they could subsequently walk the PS down to just above the flow thru share level of $1.70 during a quiet time, say when NOT was on a road show. I do not believe they will let the PS go lower than where their clients loose advantage. However, they do need to mitigate their risk at participating at $2.80 and finding clients: ideally, they would like to make the delta between $2.80 and $1.70 on a short, before selling all the risk to their clients. They certainly cannot have retail getting wind by the rumour mill of what is really below Eagle1a and keeping the PS up.