Re: Can some one explain this to me?
in response to
by
posted on
Jan 04, 2008 09:13AM
Discuss the various junior resource companies within the McFaulds Lake Area
First take into cosideration market cap to see how much per share and total dollar value attributable to potential from McFauld property. No question it's an exciting play and contributing to increase share value.
Noront of course leads the pack moving from 40 cents to $4 and $7 high. Even at todays low price there is $3 in Noront's share price that's based on their DE find. Should it be a lot more? Maybe but they have yet to prove size of deposit or average grade, this will come and with it both a preceived value as well as an increased speculative value as other anomalities get drilled.
Fasten your seat belt because as Noront has shown today it's a scary ride at times.