Open Message to Noront resources
posted on
Sep 19, 2008 08:54PM
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)
ShareHolders: Assumptions & Expectations vs Experience & Uncertainty
It is one thing to attempt making interpretations, extrapolations, and inferences respecting Geological Environment when given sufficient basic data. Everyone and their Dog have seen Rocks. And there are some who can discuss Rocks in such a way as to be able to enlighten the average Joe, to some extent.
However, Corporate Business Plans, Management, Fiduciary Duties, Strategy, Finances, Operations, and so forth, is a different matter completely. These matters can be much more varied, often with many vagaries, uncertainties, and challenges. But the business basics are still rather simple.
As for Noront Resources and it's identified, very well mineralized, properties the basic challenge is to prove up the value of those Mineral Properties. The more complex challenge is to realize the best value possible for those Mineral Properties. It appears that both the basic challenge and the more complex challenge are being actively worked on diligently at present.
Also, it has become undeniably clear in the past week that accomplishing the full realization of the real value of the Mineralized Properties has definitely become a greater challenge.
The minerals are there in the ground, in abundance, and will not be moving far on their own accord. Thus, they are not the real challenge! Exposing them to the light of day is a challenge. And it is only when they see the light of day will their full value be realise. In the mean time, Noront Resources has the challenge of making them, the minerals, provide the best return possible on Noront's investment Dollar. This will take time and dollars invested.
However, it is now also apparent that much more dollar support is going to be needed to accomplish full value realization. The typical financiers within the Exploration aspect of the Minerals Industry will try to drive a very unfair deal and seek too much control or influence. This would not be at all good for Noront Resources and ALL its SHEAR HOLDERS.
One thing I would like to know is: Who is it OUTSIDE the Minerals Industry that Noront Resources is attempting to court? Specific Names need not be given. But very specific indication of THE types of external Organizations and Investment Interests could be clearly referred to in COMMUNICATION with ALL the Shear Holders of Noront Resources. Doing just this much in an unambiguous Report, at this time, should go a long way in helping settle currently increased levels of uncertainty among some Shear Holders arising from current events, both globally as well as specifically with respect to Noront Resources. And please note that it is now as much this uncertainty that is now affecting the very poor performance of Noront Resources Share Price as it is the unrelenting market manipulation experienced over the past 10 months.
Old Joe