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.)

about 14 years ago

in response to rosehill's message

Rosehill I got to admit you provoked a little curiosity in me, so I went back to take a look and I do see some very interesting numbers. FWR went for an all time high, since the discovery of this mineral belt. Of course they did prove up a large resource(chromite).

Right now with more shares outstanding and a smaller resource of chromite SPQ is poised to sell for at least a near all time high, since the discovery of this mineral belt(NOT's nickel find). Previously on hype alone SPQ only reached a high of 22 cents Oct 28, 2007. Of course we don't know where this will end.

With the above observation, I would like to believe that NOT with all it has proven in resource since its initial find and as it sits, will go no less than $7.42. Of course we have no idea when a takeover offer will come and how much resource NOT will have proven at that time.

Keep the Faith