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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My thoughts on 3.5 to 1

Noront Resources

almost 15 years ago

IMHO - the 3.5 to 1 offer was directed by the hedgies to confirm they will give their shares to NOT.

I speculate that we will get a great news release followed by a sharp run up in our stock. This will give NOT all the shares they need to stop the CLIFFS deal and let the hedgies show a large gain in their fund. Right at the end of year when they need it most.

Once again everyone is happy at this well orchestrated event.

GLTA of us but especially NOT and Freewest retail,

Corndog