Noront Resources

Khareema: "If CLF thought for a moment that they would get NOT for a reasonable price, they would already have it." Similar comments were made when our sp was well above a dollar. Cliffs waited and not we all see the results. First it was the world economy, now it is the natives, it pays for Cliffs or anyone else to wait. Therefore I disagree with that comment. I agree with everything else you posted this morning with the remaining adjustment of our share price. I see a worst case buyout price of about $2.25, probably around 3$ being more probable. ( First offer, a feeler could be under 2$ of course.) I think you are using a double of our current sp as a basis for your statement of $1.80, a reasonable opinion. I will not consider any offer below 3$ and will only sell below that price my speculative i.e. 'day trading' portion. However should we get a 'good hit' then I expect at least that 4$ and more likely 6+. The increased resource for Eagle's Nest that was just released is a good hit in my opinion but that is just me, most of the market reacts with a Ho Hum. No surprice and a bit of a disappointment for me. The Good Hit that I think the market expects, or needs, is another discovery equivalent to Eagle's Nest. Nothing less will move it much. Sad. Ed G.