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 13 years ago

in response to Babjak1's message

Politically, gov't barely moves until the crisis hits. All talk, very little action, with lots of promises but no commitment. This is why Noront has traded down in the 50's. Well not totally as our drill team and management has failed miserably over the last year. The Stock Price has graded Wes and Management Team as a failure too, since taking over.

I fear going Below 50 that only zero comes to mind as an eventuality, as financing w/o major dilution becomes more and more prevalent. I own Noront in many accounts, eeks,... some with a low average of 72 and 61, but zero is zero no matter at 60 or 6 dollars. Soon Wes's only option will be a 4 sale sign at or near the correct valuation of Noront, with hopefully a friendly party before the vultures appear for low ball sub $1.00 offers.

If anyone is golfing with Nemis, ask about the $5.00 offer back in '07, in hindsight would've saved everyone today much heartache. Looks good now, very good and back then was a bad deal as $20 was the min talk, 30's and 40.

Cheers, mark