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 Sensation's message

tendered my 250,000 shares of Freewest to Noront. It's a start !

One would hope you are joking to pull a lot of legs. If not, you need to hire help! Just in case, for your benefit and possibly a few others, here is reality:

Tendering 250,000 FWR gets you 62,500 NOT plus $250.- based on the current offer. Here is what you could have done in the market today:

Your worst case today would have been to sell FWR@ $0.51 (day low), buy NOT @$1.91 (day high).

250,000 FWR x $0.51 = $127,500.-, 62,500 NOT x $1.91 = -$119,375.-, you keep $8,125.- (or buy 4253 add'l NOT)

Your best case today would have been to sell 4 FWR @ $0.53 (day high), buy 1 NOT @ $1.78 (day low)

250000 x $0.53 = $132500, 62500 NOT x $1.78 = -111250, you keep $21,250.- (or buy 11,938 add'l NOT)

I would not tell you what to do, you should be able to figure this out. Good Luck!

Deke

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Deke
City
Niagara-on-the-Lake
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Treasurer
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715
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07/10/2008
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Noront Resources
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NOT
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