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)

Free
Message: Noront Office

Noront Office

posted on Oct 23, 2008 11:17AM

Let's just say there phones are ringing off the hook and Dick Nemis continually on the telephone. My guess is someone would have to be very very lucky to catch him. Probably not fair to call anyway given that how would he know what's going on with the selling.

Nothing materially has changed other than a positive scoping study on E1 indicating YES there is money to be made just by mining that ONE deposit.

Windfall report stated they've readed 3 zones and doing all the sampling to come up with a plan and in meantime will winterize. This doesn't mean walking away it just means you don't apply for mining permits and start hauling out ore until you have a complete plan prepared, nothing at all unexpected.

So we know for a fact that E1 is worth money right now and Windfall we have to wait for. Chromite valuation depends upon more drilling by Noront and others in ROF to prove up over 30 Million tonnes (over a 10K strike). E2 and other anomalities require more work before idea of size/grade can be obtained.

Huge JV and 100% owned land has had air born geophysics done on and just waiting for drilling most prospective areas.

Does all of the above add up to less than $2 a share? No way would any responsible investor let shares go at current pricing.

Share
New Message
Please login to post a reply