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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Re: Back of the napkin calculation

Noront Resources

over 13 years ago

in response to Edgy's message

The problem with these resource value calculations is that they seem to have an inverse effect on the Share Price. When we had 3 mill tons we also had a 6 dollar SP, 11 mill tons gave us a 3 dollar SP. Now with 20mill tons we get a 10% pop to .90????

Sadly, we now have 2 drills working on regional targets to keep our hopes alive. While another nickel hit seems the only way we are going to get our just rewards, we also only have till about mid May to do so. After that the summer weather just is not amenable to regional exploration in the area.

CLF is lurking in the background here, knowing that a failed winter program will create an excellent opportunity to grab this property for a song, and they will pounce. Here's hoping our inglorious leader knows what he is doing.

Best regards K