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: Burnt Hills = nice pocket change
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Burnt Hills = nice pocket change

posted on Mar 25, 2008 10:44AM

With the number of Noront shares outstanding and current price the Burnt Hills development is nice but adds little value to Noront. Nothing wrong with getting over a million dollars worth of shares although they trade awfully thinly. Another 1/2 million dollars likely in shares coming for their picking up another 15% isn't bad either. Bottom line is that 1 cent over 135 million shares equals 1.35 million dollars in market cap.

So maybe Burnt Hill represents, be generous, 3 cents per share value added to Noront. No wonder it doesn't warrant a trading halt.

Noront is ALL about the 'ROF' with maybe a dollar in market cap that could be attributed to Windfall if you're feeling generous.

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