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.)
in response to crazytrade's message

What ever they would give me Because I would have little if any say in the matter.
If I held out then the price I would get would be set by a court judge based on what most other holders sold at.

Here is what I would like:
A minimum of 5 bagger for all my ahares but hoping for 10 bags.

As to actual prices that is difficult to say. I hold shares originally priced from 16 cents to $2.82 so I expect for an over all average from 5 to 6 dollars because my break even price is just over a buck.

But that is wishful thinking. With our current price an initial offer to us may be as little as 180 million = $0.75/share, obviously not acceptable. If no competitor shows up to sweeten the offer the next and final offer from a single bidder may not go higher than 250 million dollars = a buck per share.
If competitors show up, which is Very likely then anything can happen and that is what I expect.

Note, just a few years ago with a fraction of present Noront assets I was hoping along with Crazydik for 20$s.


Do you know or suspect someone Crazytrade, who may buy?. Yourself as partner?

Please login to post a reply
Edgy
City
southern Ontario (often in Europe)
Rank
President
Activity Points
37538
Rating
Your Rating
Date Joined
07/20/2006
Social Links
Private Message
Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
Create a Post