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.)

Some are thinking Buy-out or P/P,...maybe but don't think so.

Looks more like momentum trading after the big 1M share cross by Canaccord this morning, triggering the buying programs???

Could it be Windfall? Rumoured 1M plus oz. Have been following Eagle Hill since the option, the Windfall Resource Estimate is due anyday. (Noront the optioner still holds min 25%) EAG up 2.5 to $0.195 or 14.71% on 344,980 volume but nothing like Noronts 34.62% gain on 3M+ volume. IMO, this wouldn't be responsible for NOT's big move today either, so a coincident they both came alive.

Very unusual move on no news though. So Deal, P/P, Windfall, BaoSteel???I guess we may find out Deal Making Monday maybe.

Cheers, Mark

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LTGoldBull2
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Noront Resources
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NOT
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