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.)

Home Videos Research Press Release Q&A Discussion

Threads Posts

Denalis Report on proposed offer

Noront Resources

almost 15 years ago

Re: Denalis Report on proposed offer

Noront Resources

almost 15 years ago

in response to RepairMan's message

"Now due to their takeover by a predatory hedge fund [ thank you ], NORONT has got greedy and wants a hostile offer for the well financed explorer developer [ and their JV partner] at theft prices. FREEWEST RESOURCES [ FWR.v] probably controls HALF
the deposit and is [ was ] valued at 76 Mil [ CDN $$ ] vs. Noronts $240 Mil valuation

Simply put, FREEWEST controls probably 3 or 4 times the value that its Hostile bidder, Noront [ NOT.V] , and NOT.v wants to buy FREEWEST for 1/4 of its own value to gain 4X its value. Turned on its head, thats 16::1 in Noront's favor. Thats one helluva good deal for THEM, LOL."

These were precisely my thoughts when I posted that 4-1 should be more like 2-1.