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: The price action today

Noront Resources

almost 15 years ago

in response to bluespruce's message

"higher the price we get for our not.v the better deal it is going to be for fwr, making a vote for yes a little closer!"

Does that really matter though? I'm not sure the price makes a difference. The Number of NOT shares you get for your FWR shares will not change thus limiting your profit on your FWR shares. It shouldn't matter if its .40 or .75. I think the only question is whether or not the shares you recieve for your FWR will realise the same profit as they would have as a stand alone company. If yes, then good. If no, then its a bad deal. Unfortunately I do not have a time machine to see which it will be.

If I have 40000 shares of FWR at .40 I need a 5 bagger to get 2.00 and $80000.00

If I get 10000 shares of NOT for those FWR shares at 1.83 I need to get a 4.4 bagger to get 8.00 and $80000.00

I don't know which is more likely. I am suspicious of the NOT bod and wonder if they will sell us out before then.