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: Now what does the share price say?

Noront Resources

over 9 years ago

in response to Vermeer's message

SP says different things to different people.

For me it is mostly C, but our current sp has got little in common with Cliffs, they were unique in their method.

We are in a hold or wait mode due to:
1. No permits granted yet and no idea when.
2. No answer from the four native communities along the prospective E/W road route.
3. And the clincher, no progress about the infrastructures financings.

So there are a few people who are loosing patience and going away, while there are fewer buyers to counter their selling. Hence sp slides down and will do so until something positive shows up.
I am keeping hopes on James Bay people to do a go around problem 1 & 2 above.