The Dundee report was mentionned here today but people wallowing in the low share price are not seeing the forest for the trees in my opinion. This is a great report and should be read by all.
Here are some highlights that have caught my attention in the early part of the report:
3.
Recent Pull-back is a Buying Opportunity: While the peer group of exploration companies working in the areas has seen a share price pull-back averaging 6%, Noront has fallen 29%, reflecting the drama surrounding the Freewest offer, and more recently a setback for the exploration program due to a First Nation's objection to the use of the airstrip. We view these events as temporary influences and see the disproportionate pull-back as a buying opportunity. The entry of Cliffs Natural Resources into the camp has validated the area
as highly prospective from a senior company perspective, offering longer term support for the more advanced exploration companies in the area.
4.
Eagle's Nest Expected to Reach Critical Mass in 2010
: The Eagle's Nest is open at depth and along strike. We anticipate the infill drilling completed in 2009 will result in a significant increase in the reportable resources, moving the size and grade of the deposit into economically-viable territory at current market prices.
5.
Early Cash Flow Strategy at Eagle's Nest: The massive mineralization identified at Eagle's Nest offers the potential to develop a low capital cost, direct-shipping project initially, generating earlier cash flow to further develop the asset base. Drilling results reported by the company indicate that this massive mineralization persists to depth.
These are all very important points and should remind everyone why we are here. This low share price is only an issue if you plan on selling soon. For those adding to positions, this is very welcomed!
Glorieux
