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: Anybody plan on selling when news of DE 2 hits?

Anybody plan on selling when news of DE 2 hits?

posted on Feb 08, 2008 02:19PM

If indeed early next week Noront puts out news about either enlarging DE 1 (Not impossible) or hitting massive sulphides on DE 2 the market will go crazy. It will stay crazy for more than just one day too.

Like a lot of posters I bought and bought which brought down average cost per share but Oh my it was scary. Now it's a matter of how much nerve we can maintain when dollars get waved in our faces.

How high is enough? Some of us just can't hold on much longer to every single share. When Noront was under $4 many of us bought more than comfortable or perhaps prudent. Selling some shares to clear the decks will happen, just a matter of when.

Holding tight to core position also makes sense because things will rock and roll for some time if good visuals come out. No reason price won't be higher a week after news then the day after news when you're looking at what Noront potentially has on their plate.

On second thought (more like 14th thought) maybe I can move out FNC and SPQ after news and just HANG ON to every single share.

Noront just on Friday, Saturday and Sunday will bring up something like 450 meters of core (assuming as we hear that three drills are turning). If they hit on on an anomality on Wednesday or Thursday you can bet they'll complete that hole and maybe move the other drills and sink a few more to really smoke the market and shake things up.

OK the above is my favourite fantasy but it's not completely impossible either. If it did play out that way I would be at a complete loss in estimating the market value or share price put on Noront. Maybe they'd have to stop trading for a few days just to let things settle.

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