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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Idle Speculation

Noront Resources

almost 15 years ago

With this takeover attempt on FWR, I wonder if the hedgies in charge of NOT are looking for a quick denoument to the RoF story. After all there are lots of predictions of gold going to even $10,000. per ounce. A one thousand dollar investment in certain gold companies during the 1970's would have been worth a million bucks in 1980. The hedgies must be looking over their shoulders at the price of gold and thinking that if they can get a quick return on NOT then the money would be well deployed in the gold space. Providing the price received for NOT is within reason I'm not entirely against that way of thinking myself. Anyway just idle speculation (which might be a tad above some of the nitpicking that goes on here). Do your own DD.