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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Don't want 43-101

Re: Don't want 43-101

posted on Apr 08, 2008 05:15AM

I do agree about the 43-101 however the delay in finishing this does lead one to believe that resouirce is going to be on the low side of the 1 to 10 million tonnes mentioned by Nemis. Without assays for rhodium content on DE1 ore and assays for DE2/3 ore bodies Noront has a share price potentially over valued.

I'd expect reasonable assay results to strengthen support for share price but not to take it up a great deal. Going to take a really nice length of good massive sulphides on a 'target' to get excitement and share price moving sharply up.

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