new investors know this is not a fluke. Many eyes will now be looking at us with this action. Retail may get scared from such a huge spike and wait for a fade that may never come. We all know this stock is way undervalued and collectively, we can show why. I strongly urge all those with good DD material to repost them as many new eyes will be looking for info.
So for starters we have:
A NI 43-101 for Eagle 1 establishing a value of $3.00 per share
Eagle one is a small but ultra high grade deposit (which makes it much more profitable to mine vs a lower grade deposit like Eagle 2)
We have over 30 million dollars in the bank
We hold a land mass of over 1600 sq kilometers of mostly unexplored land in Northern Ontario, a very friendly mining province and country.
A road has been proposed to the area
We have a Chromium deposit that is also high grade and large, likely worth 30B dollars or more according to some insiders. This also is a strategic asset as it would be the first Chromium mine in North America.
We have excellent management with great pedigrees, just look them up.
Prof Mungall, reknown Magmatic sulfide deposit experts from the University of Toronto was first employed as a consultant but last year quite his professorship to work full time for Noront.
We have 12 JV in the ROF that we own shares in and have paid us monies for the right to drill OUR property. We retain 50% of all resources found and retain operational control of these properties with the exception of FWR, where they will manage the drilling program on the anomaly that we share in the JV with them. This anomaly's size is significant and holds much promise.
This is it in a nutshell, do your DD and you will see that even in this economy, we are still way undervalued under $3.
Warmest regards,
Glorieux