Noront Resources

I beg to differ. Why is a long mine life regarded as a negative factor? All you need do is calculate how long before you have received returns sufficient to repay your initial capital outlay. In the case of FWR chromite this time period will be measured in a very few years. After that your net return will be your gross minus only your actual production expenses. In other words;1) work out your capital costs 2) work out your expected gross returns 3)do your discount calculations, but work back from when you have recouped the capital outlay, and not from the end of the mine-life.

CLF's offer is obviously based on the NOT offer plus a little. It isn't based on the value of the resource, as evidenced by their press release. The ball is now in NOT's court.