Re: All this talk about SPQ and...- Glorieux & JDF & Donpee
posted on
Dec 29, 2007 06:57AM
JDF, recall back in October that I stated Noront now holds the hammer (is the 'Go To Guy' in the McFaulds. You eventually conceded and we moved on. A short while later you got into a weekend scrap with many on this Forum for unrealistic promo of SPQ and by end of weekend declared you would never return. Recently you were encouraged to return and you did. Be careful NOT to back your self into a corner again is about all I can say again.
SPQ has to submit 55% of "ALL" their McFauld's properties to UC Resources. That is it, the bottom line. End of that story!
Glorieux, Back in October there were several, if NOT many who made effort to state and have in place, the standard of 7 million Tonnes of Ore Grade minerals as the minimum in spite of the Superior Grades drilled up to hole #12. What I was looking for then was a clear indication that Noront had found the 'lead(s) on which to begin drilling off the expanding deposit size. With hole #12 they were at that point and have been long past that point ever since.
The only problem remaining with Noront Resources at this point in the Development of this NEW and EXPANSIVE Mineral Resource Discovery is the Share Price. Someone appears to be holding it down so as to discourage the high hopes of the 'Quick Buck' artists. That is NOT nice but to a Noront Resources "Hold Long and Strong" such as myself it is not anything more than an annoyance. It would be very nice to increase my play money position short term but I am focused on the longer term and will be content to allow the short term game play its self out. The benefit being that I can, have been, and will continue to accumulate small chunks in the short term given the 'Undervaluation' currently being expressed in the Share Price.
I have had some opportunity to meet some interesting individuals while on the road in the last couple of weeks and hope to see first hand some of Noront's and others Prospects, as there is nothing quite like seeing with one's own eyes what they have gotten them selves into.
Donpee, good to read your spirited response to my post of a few days ago. Now if only the Geo's onto Noront for the Windfall Project could help with the Geology there. In spite of the Market smarts and 'Trading' acumen, WHAT MAKES such possible and profitable beyond gaming other Market participants is the fact that this company has something very substantial to back its self up with. Without the good Geology to work in there is NOT a lot even the best PR and Marketing can do to raise a companies true value and keep it there.
Got to get along now.
Old Joe
PS: Best wishes to all Investors for the fast approaching New Year.