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.)
Great!!
almost 15 years ago
8
Re: Great!!
almost 15 years ago
3
31
3
in response to rico's message
Lets go thru the numbers. Market cap of FNC after Friday closing 63M + value of QUC shares holding by FNC at $4 = 20M then the value as it is now is 83M and we are offered 90M and yes $7M. Separate it to 200M shares and the premium is.... $0.035 yes three and a half cents. That is not very much in % it shows me 11.11% which equals to an offer to NOT (1.59 Fridays close) of $1.766 I am invested in both companies and as I would hate a premium of $ 0.176 for my NOT shares I don't like the $ 0.035 for my FWR.
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vila
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09/17/2007
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Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
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