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: Market obviously doesn't mind the PP

Market obviously doesn't mind the PP

posted on Feb 04, 2008 09:07AM

Much less volotility in Noront share price and slightly up volume so far. To me that means the market has sort of ho hummed on the PP. If it was a bad deal you can bet the share price would have been seriously punished today.

Can't think of any junior resource company out there with the kind of warchest Noront now has. $50 Million dollars in the bank is the kind of thing analyst love to see and like to see Canacord make light of this development.

Some of the risk and pressure is now off Noront's share price but not the 'blue sky' effect of both infill, step out and DE 2 drilling. Assays may be some time coming but more visuals certainly and jv's too. Hope they have to cash in their options in April so we can show even more money in the bank.

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