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.)
46
in response to Bentonstocks's message

Agree Bentonstocks NOT wins, increasing financial coffers..

"NOT has effectively demonstrated to the larger investment community that the RoF has value by forcing a major to play its card. We have established that chrome is for real, and that it has value, and that mining in the RoF can be economic. I fail to see how we lose..."

I have to disagree with this last para somewhat, in that they are acquiring FWR for a pittance, really cheap. I believe on the CLF offer of 86 and/or NOT's 90, that valuation for FWR was 0.4 of a per cent insitu.

I don't think we would be happy at that valuation for NOT.

Cheers, Mark

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LTGoldBull2
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Noront Resources
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