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 goFWR's message

Patience. Now that some credible cap cost numbers are on the table, all added resource provides upside economic leverage to whose ever model you choose. While it may well be that a discounted value in excess of say $1 billion is needed to get more general market interest, the tabling of the base PEA gives a nudge to any strategic buyer/interests to begin to pay attention. We should at least expect to see the stock firm as drilling continues. The current data will not bring more buyers to the market until/unless it leads to some significant corporate event.