Re: Some thoughts on Noront's value and prospects
posted on
Jan 26, 2008 01:02PM
Discuss the various junior resource companies within the McFaulds Lake Area
I'm missing your point here. You are holding onto a number of junior explorers in McFauld Area Play and intend to hang on until Noront hits $28 ?
Why would you not just buy Noront if you think their stock will run to $28? If Noront moves from $4 to $28 that's $24 a share profit. If you buy say McDonald at 50 cents and it follows Noront up but doesn't find anything themselves it might be at $1 , so for every $4 you put into BMK you'd gain $4 profit vs $24 with Noront?
Sorry I'm missing some point of yours.
In addition who is saying that Nemis of Noront is racing to 'sell the company'? There is nothing that supports your contention there. Every single company exploring in this area will eventually, if they find anything, want to sell out to a major for big bucks. Since Noront is the only one with a find, that may be economical, they are closest to being in a position to look at an offer, that all.