Agoracom: Small Cap Investment - Noront Resources

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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Newager23

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DE3

in response to

It should seem..../Rundle

Sum4All

posted on Mar 26, 2008 07:24PM

I think we may be getting ahead of ourselves since DE3 has not been annouced.

However, since a few of you have opened pandora's box, I have a few comments.

DE1 was all we could have asked for and more. It created the foundation for this stock and put a solid floor under the price.

DE2 has to show us similar drill results and hefty tonnage. If it does, then the price easily goes to $10. If DE3 is found and can do the same, then the price goes to $20.

If DE4 is found...you get the picture.

So, we are in a waiting game for tonnage. It's going to take time. I think we will be lucky if the price reaches $20 this year, but I think the teens are in order.

Right now my sell target is $30, but that could go up or down depending on tonnage and assay results. I don't know if I'm wearing rose-colored glasses, but I think the tonnage is going to be massive when this is all drilled out. That means the price has the potential to be much higher than $30. So, if you asked me today, I would say that a $30 target is conservative.