HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Richness of Ore Bodies
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Dec 31, 2007 12:55PM
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Jan 01, 2008 05:24AM
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Jan 01, 2008 05:49AM

I do have concerns as to where and how fast Noront will go and feel there has been entirely too much hype and positive interpretation about their properties and proven value. Still do but that doesn't mean I don't see the shares as being over valued at current prices.

You are mistaken if you think I've only just purchased shares as I've held Noront for over 10 years. I know the company better than most and watched duds along the way. I moved a lot of shares out when prices infated beyond what, to me seemed reasonable based on current situation and information released. Have been buying these back ever since price dropped below $5 as well as some other area players. *My average cost is actually well above $4 but then I'm playing with a lot of profit from earlier trades. Current price might piss me off but not worry me.

Would I sell out shares at over $6? If it moves that high for no reason I would or if I feel price has run away from currently known facts and reality. If the shares move based on solid findings by Noront or other area players then I wouldn't sell a single one until full, or close to full value is realized. Personally I've almost never been able to buy at the market low or sell at market high but being too greedy always carries heavy risks.

So I'm buying steadily as not back up to total original holdings, a double to $10 would be a nice New Years present so watch for Hole 18 .

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