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 Fossil's message

"What happens to options when they expire?

????????????????????????????????????????/

They become history as if never granted/issued"

Well yes and no... if they happened to have been issued to directors at $0.86 as incentive options for a job well done, they then expire and proceed to "Incentive Option Heaven".... only to subsequently most likely be re-issued at less than one-third their original price , (and thus in ~3.5 times their original number) to live another day (or 3 to 5 years) ....

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luker
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