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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Noront Resources

over 14 years ago

Nova Gold just added over 2 billion $ to it's assets ( 1.7 billion $ market cap) from a 50% ownership of Donlin Creek property which updated the resource by 4.3 million oz. of gold but their share price dropped today by one and a half percent ( as I write) insted of being up several percent.

Cause? Perhaps the take down of the gold price this morning.

But the resource update should have trumped the gold price, imo.

This is just an example of another company being shot down at release of good news.
Noront is far from being the only or outstanding victim.