I don't know if this report was posted to the group yet, (my apologies if it has) but Wasserman Morris & Co. did a great analyst report on Not. If you have time read the entire report, especially the one on Rhodium, which Noront has found. This entire report is very long, but very comprehensive. Hope you NOT'ers enjoy reading it as much as I did.
http://norontresources.com/investor/...
Rhodium now has the prestige of being the world?s most valuable precious metal, trading at approximately USD $6,800 per ounce. The market for rhodium is quite small. The metal is used primary to harden platinum and palladium. Limited supply and strong market demand means that the world price of rhodium can move in only one direction. Although there has been some speculative element to the recent price surge, the fundamental reasons lie firmly in the changing balance between demand and supply. After several years of surplus with short run supply exceeding demand, the rhodium market moved into heavy deficit in 2005 and in the early months of 2006.
The company recently received assays confirming the presence of rhodium, the world’s most valuable precious metal, trading at USD $6,800 per ounce. The rhodium assaying is not yet complete for all the aforementioned holes, and therefore remains absent from the chart above. If the rhodium grade remains consistent throughout the known mineralization, the presence of this metal could add significant value to the deposit.