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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natural follow question

Noront Resources

almost 15 years ago

in response to brattymack's message

The natural follow question is what would be a good buyout price.

I'm not sure for NOT, as many got in above $5.00 for a JV blue-sky hope. How much for SP price and what would the buyout need to be for retailers to be happy and for inst. to be happy? $7 or $15.

For FWR, many people got in between .25 and .40, so a SP of 1$ to 5$ would fantastic. That would be a 500million buyout for chromite to bring $2.50 or 1 billion for $5.00. Well is 500mill out of the question for Exstata, Cliffs, Can Chrome, or anyone else whose buzzying around?

If I'm wrong about these numbers take it from here and make the spec better. Tis' good discussion for weekend. Usually speculating on end SP is considered amateurish, however it's the weekend, so not much more hope of Data till Mon.

-sg