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: Peter Lynch

Re: Peter Lynch

in response to by
posted on Sep 21, 2008 11:15AM

Interesting theory and yes it's not unlikely upon block buster news that Noront couldn't experiance those 17 days of Glory.

Personally I still believe the Noront story will unfold over a longer time frame. Just too many 'pods' likely to be uncovered and each one should give all the ROF players and Noront in particular a 'leg up'.

Nobody can really tell where the end point and highest share price for Noront will end up. $10 seems one level a lot of us feel is attainable just on successful exploration in medium term. There are also those believing that full justification of the ROF as a mining camp could result in share pricing of $50 Plus.

Pretty hard sitting where we are right now to rule out either or both estimate of pricing. Can't justify this minute but might not take too much to change our and others minds.

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