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: Fundamental info revision:

Noront Resources

almost 12 years ago

in response to ANL's message

The current NPV8 of $1 per share means that today, not at the beginning of production, the fair value is $1 based on nickel of $7 and production starting on time and an 8% discount rate. When we get to production, our SP assuming nickel is still at $7 should be $1x1.08 to the power of 3 or $1.26 per share. If nickel returns to the assumed prices and our NPV8 is $543M or $2.36 per share TODAY or $2.97 per share, a ten bagger from today's price. This of course assumes that we can finance our construction without dilution with some type of off take agreement.

If production is delayed for a variety of possible reasons, than our NPV gets knocked down to some extent.