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.)
in response to rapidrob's message

Earlier yesterday you could have sold 4 NOT and bought 17 FWR. NOT was trading up to 1.77, FWR at 0.39. By the close, the discount disappeared, NOT @ 1.61, FWR @ 0.40.

This morning (8:50 am), NOT is indicated @ 1.74 bid/ask, FWR @ 0.40. If the numbers hold on opening, the same discount (or premium, depending how you look at it) could be available. Your downside risk is that the deal could fall through, and FWR goes back to a lower trading range.

Please consider that free opinion is worth what you paid, and do your own d d.

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Deke
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Niagara-on-the-Lake
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07/10/2008
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Noront Resources
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NOT
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