Northern Miner states this about the recent E1 study: "It gives Eagle One a net present value of $464 million"

Well that's a nice round figure which sure WAS NOT pushed to the forefront of everyone's mind from reading the report.

If that's indeed the number Noront Management feel is a fair bottom line they should be banner headlines cause that's more than 3 times the value which the 'Market' is putting on shares.

Just one minor change in that report to alter Canadian dollar from 90% of a US Dollar to the current 75% would DRASTICALLY improve the payback. OK the Canadian dollar will improve over time but unlikely back to more than 85% of US Dollar in mid to long term.