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

I'll go with the 1$ but I will not ignore the resource category for the nickel ore, nor the chromite along with the land hold etc. My assumption is that with all put together, today with the economic fiasco, we should be priced at about 2$. Even with a discount to 20% (for Feasibility stage, I do not think this applies to Glorieux's calculation) that would give 40 cents and not our current sp.

Proof that something is not right.