Some of the things I like in Noront (for Newbies)

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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Francis Dube

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Some of the things I like in Noront (for Newbies)

posted on Mar 25, 2008 08:42PM

I like the money in the bank, close to 75 Million dollars. In these times of liquidity crunch, it is nice not to depend on anyone. We can drill as we please and do not have to go back to the market for 2 years...I like that a lot. Also like the fact that we do not have all our eggs in one basket. Of course the DE project gets all the attention (6% nickel over 67 meters with platinum, paladium and copper will do that) but the gold at some 52 OZ (not grams) per ton is very exciting and keeps our basket diversified. Another reason to like NOT. JP Morgan advising us also helps. They are probably behind the PP at 4$ which at the time was not appreciated by shareholders but now with the credit crunch can be viewed as genius. You get what you pay for when you get advisors. I am not sure what we pay JPMorgan but they are worth every penny with that kind of forsight.