Agoracom: Small Cap Investment - Noront Resources - LIBOR rates

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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SnugTheJoiner

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LIBOR rates - apology

posted on Sep 30, 2008 09:45AM

So I blew that one - should have done my research. My apologies.

However, my main point still stands: we have a FINANCIAL crisis not an ECONOMIC one. In fact, I believe that the high libor rates further illustrate the banking nature of the financial crisis.

Now the financial crisis obviously points to a liquidity problem - talked about often on this forum. Noront, for the next while, doesn't have an issue here. In fact, I would hazard to guess, from what I know of some of the financiers of Noront, that these financiers would probably belly up to the bar with some more cash if it was needed.

Naturally, I would prefer to see this happen at $7 versus $1.50. But I see Windfall having a positive impact on any such future action.