Re: Why is it so hard to think that this will go to $100

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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Polylabel

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Re: Why is it so hard to think that this will go to $100

in response to

Why is it so hard to think that this will go to $100

glorieux

posted on Feb 10, 2008 01:54PM

Not being realistic as at present the is not a 'very good chance' but a very speculative slim chance. So far estimates of DE 1 are for 5 to 7 million tons and that is a very far cry from 50 million tonnes.

If at this time there was a good chance of proving up 50 million tonnes the share price would be over $50 not $5

Noront is in early stages of exploration and if more ore body is defined the price will rise along with what's found or indicated.

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