Noront Resources

8 billion $ value in ground now, JUST for Eagle's Nest. Now 185 million shares outstanding. With N.I. 43-101, (explorer status) resulting 5% valuation per share is $2.16. With feasibility study that becomes 10% and per share of $4.32. I can not state it more simply. Next stage of in ground valuation is with environmental inpact study, building permits and basic infrastructures present (road and/or rail access And power), becomes 20%. Final stage, mine completed and begining operation, = standard valuation of about 40%. With Eagle's Nest being so rich it is more likely to be 50+%. Take that 8 billion $, at 50%, over 200 million shares and it becomes $20/share. That is where the common hype comes from. Granted the shares outstanding will likely be more like 300 million ( much construction is financed by loans especially in low interest times instead of issues of more shares ) but to get there we will likely have more discoveries and even Eagle's Nest will be more proven out. I say they will probably cancel out each other, but even if worst case happens then it is 4 billion $ over 300 million shares = $13/share. Nothing to scoff about.