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: noront holders who have KWG shares

Noront Resources

over 10 years ago

in response to goodheart-r's message

I believe, although I may be incorrect, that in order for a stock to move to the Toronto exchange it must trade at over a dollar per share for an extended period of time. No matter how optimistic I might be about KWG's future, I can't see it going anywhere near a dollar per share considering that it has fairly close to a billion shares outstanding, fully diluted.

KWG certainly might see some significant SP appreciation in the coming months or years, but I'd bet that it would be taken out well before a dollar if events came together to acknowledge some certainty in its potential enterprise value.