At least in my book and at this valuation. I think everyone here agrees with DE2 having been hit, and the fact that anyone, anywhere in the ring of fire is hitting mineralization with every drill, There WILL be a MINE in McFauld's. Now once we all get that thru our heads the game is NOT the same. OUR DE1 with a value of 5.6B dollars according to Genuity gives us a market cap of 1.2B dollars by itself with a 20% buyout. It could be a 40% buyout but let's work with 20%. Add to that the 75 million dollars in the bank, you have 1.275B$. With our current SP, our market cap is only 640 million. That is a 50% discount to the book value of the company. This is like a house for sale at 600K and you know the exact same house next door sold for 1.2Million dollars. You say to yourself, something is wrong with this house. You hire a house evaluator, his assessment comes in at 1.2M. You recheck everything and cannot find any wrong. This such a great deal, how come no one else is jumping on it. Than you hear Toyota is opening a new manufacturing plant and house prices are set to double in the next few months...You keep saying to yourself, this is too good to be true, what am I missing. Well in NORONT'S case it is NOT what you are missing, it is what everyone else is missing. You are getting to buy a stock at 50% off it's book value with blue sky from here to Timbuktoo. My only question is: Why are you not ALL IN. This stock offers you shelter from a crashing market since you are buying below market value and it offers you a chance at a 10 bagger. How many stocks have that combination. Usually 10 baggers potential comes with very high risk. This one does not.
Think of why you got into this stock...The high grade nickel that Prof Naldrett (One of the most respected Geologist in the world) said could of only been formed from a system Kilometers in lenght are the conduits that the "Eagle 2 has landed" NR confirmed. The gold in Windfall gets no respect but mark my words, it will get a lot of respect in 2008. The 75 Million in the bank means our company is isolated from the credit crunch thanks to the forward thinking of our great management. There simply is no better place for my money right now than NORONT.
Warmest regards,
Glorieux
