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: Rebuilding value - Buyout sh price?

Noront Resources

almost 11 years ago

in response to Edgy's message

Buyout? Just because a large portion of shareholders have an avg purchase price over $2, doesnt mean that is the min buyout price. See Baffinland (I think it peaked at $4 and was bought out for $1.40)

Not to be negative, but if your avg SP is over $1, your probably not going to make much money if a buyout occurs in the near term. As long as RCF and BAO make some money, and the recent options granted at 0.17 cents, thier is no incentive for the board to not recommend acceptance of an offer around $1.50.

Now if we can get the mine permitted, road built, agreements in place, drilling results, then we can make some big money.