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.)
in response to Babjak1's message

Friends in NOT,

Meet my friend Rhodie (Rh) ..... according to Kitco he is worth US$ 2200-2400 per oz.

He and about 38,000 of his friends currently reside in the same nest. (Eagles Nest deposit)

The April 18 Micon report points out the significance of Rhodium as a revenue enhancer and that it be given serious consideration per their recommendations.

Quick calculation would add another $84+/- million to the mine value.

Of importance is also the stated project expenditures of $8 Million for feasibility/environmental and permitting....this year.

Always fun to read those rascally NI-43-101's.

"NOT has been taken over by greed" .... how true. With a share price at .79 the analysts have surely forgotten their own target prices and valuations. No news to support any momentum adds to the bogus pressure for the MM's to move our SP down to the .80 cent PP price. Perhaps the deck is being added to, and then shuffled again for good measure, lol.

Now if only my other friend, named Roadie (not Rhodie) came along.......

Warm regards,

mynot

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mynot
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Noront Resources
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